Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war.

Stocks are edging higher in early trading on Wall Street, adding to their gains for the week. The S&P 500 was up 0.3% in the first few minutes of trading Wednesday. The index erased the remainder of its losses for 2025 a day earlier.

World shares and U.S. futures slipped Thursday after U.S. stocks drifted to a mixed close on Wall Street. Oil prices fell about $2 a barrel. China moved to reverse some of its “non-tariff” measures against the U.