Walk-back on tariffs helps to lift North American stocks

Closing changes:

• S&P 500 +1.2%
• Nasdaq Comp +1.5%
• DJIA +1.1%
• Russell 2000 +1.0%
• Toronto TSX Comp +1.1%
• Mexican Bolsa flat

It was another lively day in the market as the market opened flat and then sold off before embarking on an afternoon rally, in part due to the confirmation that auto tariffs were ‘delayed’ by a month. With those gains, there is some expectation that other tariffs will be at least delayed by Trump later this afternoon/evening.

This article was written by Adam Button at www.forexlive.com.