Market

Wall Street Rallies: Trump's Tariff Delay and Earnings Reports Spark Optimism

Market Optimism Fuels Wall Street's Positive Close

Wall Street ended Thursday's session on a high note, buoyed by anticipation of earnings reports from Coinbase and Airbnb, alongside President Donald Trump's announcement to delay reciprocal tariffs. This decision, aimed at reviewing the policy by April 1, has injected a wave of optimism into the market.

Key Performers Drive Index Gains

The Dow Jones Industrial Average climbed by 0.77%, with Nvidia Corporation leading the charge, up by 3.16%. The Nasdaq 100 wasn't far behind, rising 1.43%, as Applovin Corporation saw an impressive 24.02% surge. The S&P 500 also enjoyed a 1.04% increase, with MGM Resorts International skyrocketing by 17.46%.

Meanwhile, the euro remained stable against the dollar, trading at 1.04612 at 4:01 pm ET, reflecting a calm in the currency markets amidst the equity rally.