Stocks jump with tech shares; dollar dips after recent gains

By Caroline Valetkevitch

NEW YORK (Reuters) -Major banal indexes roseate connected Thursday, with exertion shares starring Wall Street higher arsenic investors awaited further developments successful the U.S.-China commercialized conflict, portion the dollar slipped aft caller gains.

The S&P 500 exertion assemblage jumped 3.5% connected the day, the astir of immoderate assemblage successful the benchmark index.

Shares of Google genitor Alphabet were up much than 3% successful after-hours trading pursuing the merchandise of its first-quarter results, including net that bushed analysts' expectations. The banal ended the regular league up 2.5%. Other results from apical U.S. tech-related companies are inactive to travel this net season.

U.S. President Donald Trump said connected Thursday that commercialized talks betwixt the U.S. and China are nether way, pushing backmost against Chinese claims that nary discussions person taken spot to easiness the ongoing commercialized war.

Beijing besides said earlier that the U.S. should region each "unilateral tariff measures" against China "if it genuinely wanted" to lick the commercialized issue. The White House connected Wednesday signaled it was unfastened to reducing sweeping tariffs connected China.

Trump's tariff warfare has created overmuch volatility for markets successful caller weeks, with myriad announcements connected and changes to tariff plans.

"There's inactive a batch of volatility but adhd to that a banal marketplace that was oversold by virtually each measures," said Thomas Martin, elder portfolio manager astatine GLOBALT successful Atlanta.

First-quarter net reports wide person been mixed, with businesses crossed aggregate industries saying they're expanding prices and uncertain astir the outlook due to the fact that of Trump's commercialized warfare and policies.

Dove soap shaper Unilever flagged weakening U.S. user confidence, portion shares of International Business Machines slumped aft the institution said 15 of its authorities contracts were shelved nether a cost-cutting thrust by the Trump administration.

The Dow Jones Industrial Average roseate 486.83 points, oregon 1.23%, to 40,093.40, the S&P 500 roseate 108.91 points, oregon 2.03%, to 5,484.77 and the Nasdaq Composite roseate 457.99 points, oregon 2.74%, to 17,166.04.

MSCI's gauge of stocks crossed the globe roseate 11.65 points, oregon 1.44%, to 819.86. The pan-European STOXX 600 scale closed up 0.36%.

Japan's Nikkei roseate 0.5%. Reuters reported that Japanese tariff negotiator Ryosei Akazawa was making last arrangements to sojourn the United States from April 30 to clasp a 2nd circular of talks with his counterpart.

Economic information connected Thursday showed, among different things, the fig of Americans filing caller applications for unemployment benefits roseate marginally past week, suggesting the labour marketplace remained resilient.