What's moving markets today

US stocks were helped by a Wall Street Journal report Thursday that said the Trump administration was debating whether to lift tariffs on China in order to calm markets and encourage Beijing to make concessions on trade.

The Dow advanced 0.7% on Thursday, while the S&P 500 gained 0.8% and the Nasdaq rose 0.7%.

A Treasury spokesperson told CNN that neither Treasury Secretary Steven Mnuchin nor top US trade envoy Robert Lighthizer had "made any recommendations to anyone with respect to tariffs or other parts of the negotiation."

"This is an ongoing process with the Chinese that is nowhere near completion," the spokesperson added.

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