Treasuries retreated after the latest American inflation reading came in hotter than anticipated, the dollar dropped for a second day and gold slipped. S&P 500 e-minis were up 6.75 points, or 0.22%, and Nasdaq 100 e-minis were up 15.5 points, or 0.2%. (AAPL.O) anchored a rally in the technology sector.
Elsewhere, West Texas intermediate crude gained as operators in the Gulf of Mexico braced for Tropical Storm Barry.
Retaliatory tariffs remain another worry for markets.
Though encouraged by the signals from the Federal Reserve, investors remained concerned about relations between the United States and China in light of a tweet from President Donald Trump expressing disappointment with Beijing's failure to boost purchases from American farmers in line with the trade truce he agreed on with Chinese President Xi Jinping during last month's G20 summit. Today, the president tweeted that China "is letting us down", which briefly weighed on advances in stock benchmarks.
But on Thursday, Fed Chair Jerome Powell had something to say about the president.
The core USA consumer price index excluding food and energy components rose 0.3% in June, the largest increase since January 2018, data on Thursday showed.
Powell was asked at the hearing by Carolyn Maloney, Democratic representative from the state of NY, if the Fed considers a half-percentage-point lowering of the benchmark interest rate during the July 30-31 FOMC meeting.
Asian stocks advanced and the dollar struggled on Thursday, after Federal Reserve chairman Jerome Powell reinforced prospects for a U.S. interest rate cut later this month.
The Stoxx Europe 600 relinquished what would have been its first gain of the week as health stocks slumped.
MSCI's gauge of global stocks gained 0.24% as US stocks mostly moved higher.
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She was served wine in his kitchen, given $300 when she left and was frequently invited back by his secretary. Vance's office did not respond to request for comment at the time of publication.
At 2.25 percent and 2.50 percent, the interbank lending rate is the highest in decades, but remains low by historical standards.
"A rate cut in July is now all but certain", said James McCann, senior global economist at Aberdeen Standard Investments.
US producer prices are due on Friday. Asian stocks are also opened in the green, taking their cues from gains in USA stocks, with the S&P 500 breaching the 3000 level for the first time ever before moderating.
The MSCI Emerging Markets Index sank 0.3%. Overall, emerging-market shares declined.
The Bloomberg Dollar Spot Index dipped 0.1 per cent to the lowest in a week.
The British pound advanced 0.3% to US$1.2555, the strongest in more than a week. The Japanese yen gained 0.1 per cent to 108.34 per dollar.
U.S. Treasury yields ticked higher, extending Thursday's gains after an auction of $16 billion 30-year bonds saw weak demand.
Britain's 10-year yield decreased less than one basis point to 0.833%.
After the June FOMC meeting, the Fed predicted that the USA real GDP will grow 2.1 percent in 2019, with the pace slowing down to 2 percent in 2020 and dropping further to a rate of 1.8 percent in 2021, according to the median projections of Fed Board members and Federal Reserve bank presidents.