Wall Street goes up while Trump delays China's tariffs; The ECB cuts rates by Investing.com

Investing.com – Wall Street advanced Thursday after US President Donald Trump postponed an expected rise in tariffs on imports from China, while the European Central Bank lowered its interest rates and reintroduced its buyback program to stimulate economic growth in the euro area.

The increase rose 128 points, or 0.5%, to 10:13 (ET) (14:13 GMT), while the index gained 15 points, or 0.5%, and the increase of 56 points, or 0 , 7%.

In what Trump called a "goodwill gesture," a planned 5-percentage-point increase in tariffs on Chinese imports worth $ 250 billion will be postponed; preparing to meet in early October for trade negotiations. Rates were to increase from 30% to 25% on the goods.

"The market has been extremely sensitive to all issues related to trade and, if we have any doubt that there might be progress, we will see it in a way that positive, "said Scott Brown, chief economist at Raymond James.

Anheuser Busch (NYSE 🙂 jumped 2.1% after the announcement of the announcement of its intention to revive the IPO of its Asian unit, after the beer maker suspended his plans for an IPO in Hong Kong in July. Activision Blizzard (NASDAQ 🙂 jumped 3.6% thanks to an analyst's upgrade, while Walmart (NYSE 🙂 rose 0.3% after the announcement of the place an unlimited grocery delivery service at $ 98 a month.

Elsewhere, Oracle (NYSE 🙂 fell 5% after its CEO, Mark Hurd, announced that he was taking a medical leave. Oracle has also announced a $ 15 billion stock repurchase.

In commodities, it fell 2.5% to its lowest level in a week at $ 54.33 per barrel. The, which measures the greenback against a basket of six major currencies, fell 0.2% to 98.433 and gained 1.4% to 1524.15 troy ounces.

– Reuters contributed to this report