U.S. stock-index benchmarks opened higher Thursday, as signs of easing trade tensions in Europe helped to boost sentiment, ahead of minutes from the Federal Reserve’s June policy meeting, which will provide clues about the central bank’s road map for raising benchmark interest rates. The Dow Jones Industrial Average DJIA, +0.56% rose 0.6% at 24,309, while the S&P 500 index SPX, +0.51% advanced 0.5% at 2,727, while the Nasdaq Composite Index COMP, +0.57% rose 0.6% at 7,547. U.S. officials reportedly offered a “zero solution” to car tariffs. Such a deal would see the U.S. stop its threats to impose such duties in exchange for the European Union eliminating its levies, while German Chancellor Angela Merkel on Thursday said Germany was willing to cut import tariffs on cars as a way to end the Europe-U.S. trade standoff. However, The U.S. is scheduled to impose tariffs of 25% on $34 billion of Chinese imports Friday and China is expected to counter that move, as the world’s two largest economies face off. In corporate news, shares of Boeing Co. BA, +0.38% were higher after it announced a joint venture with Brazil-based Embraer S.A.
Dow rises 140 points ahead of Fed minutes, as trade tensions take a back seat
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