U.S. stocks have risen following another topsy-turvy day for Wall Street, as investors struggled to gauge the scope of resurgent trade tensions between the world’s two largest economies.

The S&P 500 added 0.5 per cent, but only after jumping toward one of its biggest gains since the summer, erasing it all and then climbing back. The Dow Jones Industrial Average was up 30 points, or 0.1 per cent, with an hour remaining in trading, and the Nasdaq composite was 0.8 per cent higher. It pinballed earlier between a drop of 0.4 per cent and a rally of 1.4 per cent.

Futures are pointing to the ASX opening 4 points of 0.04 per cent lower on Thursday, after the market rose 1 per cent on Wednesday , helped by a rally in mining and banking shares. The Australian dollar was trading at US65.08¢ at 6

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