US stocks rise as Trump holds off on immediate tariffs

Wall Street stocks finished higher Thursday, shrugging off disappointing inflation data and gaining ground after President Trump held off on concrete new tariffs for now.

Trump unveiled a "fair and reciprocal plan" for trade, ordering reports to address what he described as "unfair" conduct by trading partners, a step towards potentially wide-ranging tariffs on allies and competitors.

But Wall Street was encouraged that the plan did not include immediate levies.

Investors are "taking comfort" in the "idea that it's negotiable and not coming into effect immediately," said Tom Cahill of Ventura Wealth Management.