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the Dow (UNDUE), which was briefly negative during the first minutes of trading, finished up 46 points, or 0.2%. The index has risen seven days in a row, its longest streak of wins since early May, according to Refinitiv.
Stocks gained momentum in the first half of the trading day after a Bloomberg report that Washington was considering a tentative trade deal with China that would delay and lower some tariffs at the end of the day. import.
Previously, other seemingly conciliatory developments had helped to reinforce investor sentiment.
President Donald
Trump tweeted Late Wednesday night, "as a sign of goodwill," the United States would delay a $ 250 billion tariff increase from China, which would have levied taxes of 25% to 30% from October 1 to 15.
Earlier Wednesday, China had abolished import duties on some US products.
In Europe, the European Central Bank reduced its deposit rate from -0.4% to -0.5% and boosted its quantitative easing program with monthly purchases of € 20bn to count November 1st.
"On the whole, the markets are disappointed by the ECB 's action, but that could change if the ECB committed to buy corporate bonds," said Edward Moya, market analyst senior at Oanda.
Market participants will now focus on the Federal Reserve meeting next week, at which a reduction in interest rates of a quarter of a percentage point is expected with a 89% chance, according to the CME FedWatch tool.
Trump, who has long criticized the Fed's policy,
tweeted that the ECB had acted quickly and tried and managed to depreciate the euro while the Fed was not acting. On Wednesday, Trump called for rates of "zero or less" in a tweet.
The euro briefly rebounded after the ECB decision before falling into negative territory.
Regarding economic data, consumer price inflation in August was slightly lower than forecast, at 1.7%, against 1.8% consensus. Core inflation was 2.4%, down from 2.3%.
This lower figure could give the Fed more reason to cut rates next week. At the same time, core inflation is the highest since last July, when the Fed was still raising rates, according to the Bureau of Labor Statistics.
Unemployment claims for the week ended September 7 reached 204,000, slightly below expectations.
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