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 0.4 per cent, but only after jumping toward one of its biggest gains since the summer, erasing it all and then climbing back.

The Nasdaq composite climbed 0.7 per cent after earlier pinballing between a drop of 0.4 per cent and a rally of 1.4 per cent. The Dow Jones Industrial Average lagged the market and edged down by 17 points, or less than 0.1 per cent.

Futures are pointing to the S&P/ASX 200 opening 5 points of 0.1 per cent high 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 US65.0

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