The index proceeded higher on Thursday, shortly surpassing its July 24 high. This was after the U.S. administration decided to delay the imposition of tariffs which brought good news for investors who have been monitoring the trade situation between the U.S.A. and China. The day ended with small gains for stocks. The S&P 500 concluded the trading day up 0.29% at 3,009.57 after briefly going over the 3,020 level.

On Wednesday, the administration of President Donald Trump made an announcement regarding the postponement of the imposition of fresh tariffs on goods from China. Furthermore, Trump also tweeted in his account that China is anticipated to purchase a substantial amount of goods from the U.S agriculture and the country has asked about the cost of soybeans and pork from the U.S. These actions were perceived as a genuine attempt to seek settlement between the two large economies.

The stocks who performed well in the index were LKQ Corporation, which has gone up 11.93% to 32.55, Varian Medical Systems Inc which experienced a 3.79% climb to finish at 119.55 and IHS Markit Ltd which has undergone a 3.02% rise to conclude the day at 67.57.

Meanwhile, the stocks that performed the worst were DXC Technology Co, which dropped 10.99% to conclude at 32.48 during the late trading, Helmerich and Payne Inc experienced a 4.43% loss to finish at 40.76 and Tractor Supply Company fell 4.34% to conclude at 99.34.

By: Cyril Latrice Cajanding