US Markets Enjoy Solid Day On Softer Trump
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2018-04-13 HKT 06:12
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Wall Street has closed higher as President Trump signalled a more cautious attitude to the Syrian crisis and a more welcoming approach to international trade talks. Analysts also cited optimism over the upcoming earnings period, with reports from JPMorgan Chase and other large banks.
The Dow Jones rose 1.2 percent to 24,483. The S&P 500 was up 0.8 percent to 2,664, while the Nasdaq advanced 1.0 percent to 7,140.
US stocks had fallen Wednesday following Trump's Tweet that suggested military strikes on Syria could be imminent. But investors welcomed Trump's subsequent statement on the matter before Thursday's trading session.
"Never said when an attack on Syria would take place," Trump tweeted early Thursday. "Could be very soon or not so soon at all!"
Quincy Krosby, chief market strategist at Prudential Annuities, said Trump appeared to soften his stance on Syria and also signalled greater openness to working with allies on the matter.
Krosby said investors were also heartened by Trump's apparent shift on talks for the 11-nation Trans-Pacific Partnership. (AFP)
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