What Do Analysts' Recommend? – Companhia Energetica de Minas Gerais (NYSE: CIG) – Stocks Pen

Wall Street stocks rose on Thursday (Apr 12) as US President Donald Trump signalled a more cautious approach to potential Syria missile strikes and a more welcoming approach to international trade talks.

Analysts also cited optimism over the forthcoming earnings period, which begins in earnest on Friday with reports from JPMorgan Chase and other large banks.

The Dow Jones Industrial Average finished up 293.60 points (1.21 per cent) at 24,483.05.

The broad-based S&P 500 rose 21.80 points (0.83 per cent) to 2,663.99, while the tech-rich Nasdaq Composite Index advanced 71.22 points (1.01 per cent) to 7,140.25.

US stocks had fallen on Wednesday following Trump’s Tweet that suggested military strikes on Syria could be imminent.

But shareholders welcomed Trump’s subsequent statement on the matter before Thursday’s trading session.

“Never said when an attack on Syria would take place,” Trump tweeted early on Thursday. “Could be very soon or not so soon at all!”

Trump “appeared to soften his stance on Syria” and also signalled greater openness to working with allies on the matter, said Quincy Krosby, chief market strategist

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