Stocks already were sharply lower before the comments following U.S. President Donald Trump's latest tariff threat late Thursday on Chinese imports, which revived fears of a trade war between the two countries.
At 2:43 p.m (1843 GMT), the Dow Jones Industrial Average rose 86.19 points, or 0.36 percent, to 24,119.55, the S&P 500 gained 14.44 points, or 0.55 percent, to 2,628.89 and the Nasdaq Composite added 48.12 points, or 0.69 percent, to 6,989.40.
The stock futures implied the S&P 500 would not only open below its 200-day moving average, a key support level watched by technical analysts, but also challenge its 2018 low from February 9.
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Downing. "Do you have case that supports this?" "Chasing indictment after indictment is not an adequate remedy", Downing said. A federal judge expressed doubts Wednesday about a lawsuit brought by Paul Manafort challenging special counsel Robert S.
The market also seemed to take comfort from the fact that the effective date of China's move depends on when the USA action takes effect and Washington has a two-month window for public comment and consultation. But late Thursday, Trump ordered the U.S. Trade Representative to consider placing more tariffs on Chinese imports. "There's already back-channel talks going on", he said. Caterpillar fell 3.5 percent.
Shares of chemicals and mining companies, some of which have stumbled since the steel and aluminium tariffs were first unveiled, were also in demand. "We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion".
The S&P 500 fell 58 points, or 2.2 percent, to 2,604.
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The students are being allowed through four monitored gates before school starts and only one after the opening bell. Students will also be issued identification and lanyards to wear them by the end of the week, Thompson said.
As has been the case since the trade war fears surfaced, industrials were the worst hit. Hilton Capital Management LLC owned about 0.58% of Direxion Daily S&P 500 Bull 1.25X Shares worth $483,000 at the end of the most recent quarter. Oil prices fell nearly 5 percent this week as investors wondered if an increase in trade tensions will reduce demand for oil by slowing down the global economy.
Also, the March non-farm payrolls report showed the US adding 103K jobs, missing headline expectations by a wide margin.
Wall Street's three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading.
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In a separate statement , Becerra said the state's public lands shouldn't be on the auction block to the highest bidder. It gave state officials the right to purchase any federal land in California before the USA government sells it.