-- U.S. stocks advanced on the prospect that President Donald Trump will delay imposing tariffs on auto imports. Treasuries and the dollar pared gains.
Treasuries pared gains after the two-year yield touched the lowest level since February 2018, while the 10-year rate traded around 2.38%. Oil reversed losses to rise above $62 a barrel. The dollar nearly erased its advance against major peers, while the Japanese yen was little changed after an earlier rise.
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Stock market on edge as traders wait to see if Trump hikes tariffsU.S. equity futures were little changed Thursday as traders awaited a midnight deadline for tariffs to increase. I’m banking on progress tonight The markets will bounce back. People buy and sell emotionally. Just remember the tariff threat thing is temporary. It will be adjusted. Since it's a scare tactic, it is meant to bring about a change. People just have to be patient. Things will go back to normal.
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