U.S. Stocks Edge Higher Amid Tariff Talks and Economic Data
U.S. stocks opened slightly higher on Thursday, with the Dow Jones and S&P 500 showing modest gains. The Nasdaq led the pack with a 1.39% increase.This follows a two-day rally where the S&P 500 climbed over 4%.
These gains were fueled by positive tariff news. President Trump hinted at a possible easing of the trade war with China. The White House is reportedly considering reducing tariffs on Chinese goods. However, Beijing insists on a complete overhaul of recent levies, casting doubt on a quick deal.
Despite this, stocks traded mostly flat. Top gainers included Pegasus Systems, Trump Media, Nvidia, and Palantir. On the flip side, International Buisness Machines, Chipotle, and WeRide saw losses.
the crypto market mirrored this trend. Bitcoin (BTC) dipped 1.3% to $92,650. Ethereum (ETH) and XRP also lost ground, trading near $1,750 and $2.15, respectively.
The U.S. labor market showed resilience, with a slight rise in weekly jobless claims. The Labor Department reported 222,000 new unemployment claims, up 6,000 from the previous week. This aligns with economistsā expectations.
While the labor market remains strong,tariff uncertainty continues to influence markets.Investors will also focus on earnings reports from key companies like Intel, Alphabet, and T-Mobile on April 24.
