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Market Snapshot: Stock market buoyed by trade hopes, investors await Fed commentary

U.S. stocks rose in midday trading on Thursday, buoyed by hopes the U.S. and its European counterparts could move to ease trade tensions.

Investors were also looking ahead to the latest commentary from the Federal Reserve, which could provide clarity into the U.S. central bank’s thoughts on trade policy, and whether the issue is influencing strategy.

What are markets doing?

The Dow Jones Industrial Average DJIA, +0.71% rose 174 points, or 0.7%, to 24,347. The S&P 500 SPX, +0.71% added 18 points to 2,731, a gain of 0.7%. The Nasdaq Composite Index COMP, +0.84% rose 56 points, or 0.7%, to 7,559.

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