Stocks Ended Higher on Trump Softened Tariff Stance

U.S stocks ended higher on Thursday after President Donald Trump appeared to soften his stance on trade tariffs, easing trade war fears that had the market on edge for a week. The Dow Jones Industrial Average rose 93.85 points, or 0.38%, to 24,895.21. The S&P 500 gained 12.17 points, or 0.45%, to 2,738.97. The Nasdaq Composite added 31.30 points, or 0.42%, to 7,427.95.

Oil logged a second straight decline on Thursday, as continued gains in U.S. crude production pushed prices to their lowest finish in more than three weeks. April West Texas Intermediate crude fell $1.03, or 1.7%, to settle at $60.12 a barrel. May Brent crude lost 73 cents, or 1.1%, to $63.61 a barrel.