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US: Stocks gain on report of possible Mexico tariff delay

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[NEW YORK] Wall Street stocks finished solidly higher for a third straight session on Thursday following a report that the White House could delay tariffs on Mexican imports. Read more at The Business Times.

[NEW YORK] Wall Street stocks finished solidly higher for a third straight session on Thursday following a report that the White House could delay tariffs on Mexican imports.

Major indices had been mildly positive through early afternoon but added to gains after Bloomberg reported the United States could push back a plan to impose the tariffs on June 10 to permit more time for talks on illegal immigration.The broad-based S&P 500 gained 0.6 per cent, settling at 2,843.49, while the tech-rich Nasdaq Composite Index advanced 0.5 per cent to 7,615.55.

"Yes, I think we have advances today," Mr Ebrard told reporters after more than two hours of talks with mid-level US officials. Thursday's gains marked the third straight day of increases after markets rallied on Tuesday and Wednesday on more dovish commentary from the US Federal Reserve. Investors are also looking ahead to Friday's US jobs report. Analysts project the US added 180,000 jobs last month and that unemployment rose to 3.7 per cent from 3.6 per cent.

 

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