Wall Street climbs after Trump's positive trade statements

US stock indices rose at the open on Friday as trade tensions calmed down following statements by President Donald Trump.

Trump wrote on his Truth Social platform that imposing 80% tariffs on Chinese goods looks like the right step, but the decision will be left in Scott Bessent’s hands before trade talks with China in Switzerland on Saturday.

Trump asserted that more trade deals with other countries will be reached soon without laying into details.

On trading, Dow Jones rose 0.2%, or 92 points to 41,460 points as of 15:01 GMT, while S&P 500 rose 0.4%, or 22 points to 5686 points, as NASDAQ added 0.6%, or 115 points to 18,043 points.