Investors awaited clarity on President Donald Trump’s trade policies after Commerce Secretary Howard Lutnick told CNBC the president is likely to allow exemptions for more than just carmakers.
Lutnick also stated that Mexico and Canada might avoid reciprocal tariffs planned for April if they make sufficient progress in curbing the flow of fentanyl into the U.S. Following Lutnick’s remarks, stocks rebounded from their lows during Thursday’s trading session.
Read Next: US Services Sector Unexpectedly Expands In February Despite Slowing Job Growth
WTI crude oil futures continued to slide at multi-year lows as trade policies and OPEC+ production increases weighed on the market. The United States Oil Fund (NYSE:USO), tracking WTI futures contracts, fell 0.81%.
Bitcoin (CRYPTO: BTC) traded above the $90,000 level, up more than 7% for the week, as investors anticipated announcements from Trump’s crypto summit to be held at the White House on Friday.
Thursday’s Performance In Major U.S. Indices, ETFs
According to Benzinga Pro data:
Thursday's Stock Movers
Stocks reacting to company earnings reports included:
Companies reporting after Thursday's closing bell include:
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