The session results indicate that the Dow Jones Industrial Average selective index rose by 0.56%, the Nasdaq advanced by 0.87%, and the broad S&P500 increased by 0.67%.
“Interest in purchases is linked to optimism that customs tariffs may be lower than feared (…) and there is also hope that they will still be used as a bargaining chip to push other States to the negotiating table,” wrote analysts from Briefing.com.
“Investors were very attentive to press headlines,” noted Adam Sarhan of 50 Park Investments, which led to several sessions showing fluctuations in recent days.
After significant declines in recent weeks due to tariff fears, the market “might have been too defensive if the published information is not as bad as feared,” said Art Hogan of B. Riley Wealth Management to AFP.
These tariff concerns also overshadowed various indicator releases.
Today, there was virtually no reaction to the publication of the ADP/Stanford Lab monthly survey, which showed that U.S. private companies created more jobs in March than analysts expected.
