Wall Street climbs on optimism about reducing tariffs

US stock indices rose on Wednesday amid optimism after statements by Trump officials on tariffs.

The US Trade Secretary Howard Lutnik said the Trump administration might announce a mechanism for reducing the 25% tariffs on Mexico and Canada.

Earlier data showed the US private sector added 77 thousand jobs in February, far below estimates of 141 thousand, and down from 186 thousand in January.

Now investors await the more important US payrolls report next Friday, expected to show the addition of 170 thousand new jobs in February. 

On trading, Dow Jones rose 0.4% as of 15:56 GMT, or 147 points to 42,668 points, while S&P 500 added 0.1%, or 6 points to 5684 points, as NASDAQ climbed 0.2%, or 35 points to 18,322 points.