Internet reported that on Thursday, U.S. stocks rose intraday. The Nasdaq once rose more than 2%, the S & P 500 index rose nearly 1.5%, and the panic index VIX hovered around 27. U.S. President Trump appears to be reassessing some of his more aggressive approaches to trade and the Federal Reserve. "Now that the market has regained a significant amount of its lost ground, it can start to continue that momentum," said David Lauter, chief investment officer at investment firm Abound Financial. "Although the market's recovery will not be a straight line, it is encouraging to see the environment after the market starts pricing and eliminating tariffs." Stocks were boosted by bets that the Federal Reserve would cut interest rates sooner than expected. Federal Reserve Governor Waller said he would support interest rate cuts if tariffs led to the loss of jobs. At the same time, Cleveland Fed President Hamack said officials could take action as early as June if there is clear evidence of economic trends.