Stocks recover on Trump's plan to delay auto tariffs

Wednesday, 15. May 2019 16:51

US equities erased some of the losses from the beginning of trading session on Wednesday as reports emerged suggesting that President Donald Trump intends to delay raising tariffs on car imports for up to six months in order to see how the trade negotiations with the European Union and Japan, among others, play out.

The Dow Jones Industrial Average rose 0.18% at 10:52 am ET as Visa Inc. led the gains adding 1.24%, while the Nasdaq 100 jumped 0.95% at the same time with Take-Two Interactive Software, Inc. soaring 4.51%. Meanwhile, the S&P 500 added 0.37% at 10:59 am ET also thanks to Take-Two Interactive Software, Inc. The euro traded flat against the US dollar, changing hands for 1.1208 at 10:54 am ET.

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Breaking the News / GG