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Stocks Advance on Prospect of Car-Tariff Delay: Markets Wrap

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U.S. stocks rise on prospect of car-tariff delay

-- 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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