NEW YORK (AP) — U.S. stocks are drifting higher Thursday as better-than-expected profits for U.S. companies pile up, though CEOs say they’re unsure about whether it will last amid uncertainty created by President Donald Trump’s trade war.
The S&P 500 was 0.8% higher in morning trading, following a two-day rally driven by hopes that Trump was softening his approach on tariffs and his criticism of the Federal Reserve, which had earlier shaken markets. The Dow Jones Industrial Average was up 42 points, or 0.1%, as of 10 a.m. Eastern time, and the Nasdaq composite was 1.3% higher.
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