On Thursday, US Wall Street stocks rose again after experiencing a similar surge yesterday.
All three major indexes rose after US President Donald Trump announced that he had no intention of firing Federal Reserve (Fed) Chairman Jerome Powell from his post.
Trump's insistence on Powell's dismissal due to the delay in reducing interest rates has sparked a global reaction.
The S&P 500 index rose 1.67%, the Dow Jones increased 1.07% while the technology-focused Nasdaq increased 2.50%.
The rise in the main indexes was also boosted by the White House's consideration of reducing US tariffs on China to ease tensions between the two countries.
Subsequently, the White House said that China's tariffs could be reduced to 50% and 65% compared to the previous high 145% trade tariff.
Investors were happy with the development of US stocks following Trump's withdrawal of threats against Powell and hopes of reconciliation in the US-China tariff conflict.
