Equity Markets Rise In US And Europe

According to Reuters, equity markets in the US and Europe are trading up after the Trump administration announced a delay to proposed import tariffs on cars.
On May 15th, Europe’s Stoxx 600 index rose about half a percent, but the European automotive and supplier indexes spiked by 2-percent.
On Wall Street, the top three markets on the New York Stock Exchange also gained at least half a percent each.
The Nasdaq Composite led gains on the day, rising over 1-percent and picking up about 88-points.
The Dow Jones Industrial Average gained about 116-points, while the S&P 500 added 16-points.