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US and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.
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U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.
NEW YORK — U.S. stocks are rallied Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to temporarily take down most of its tariffs against the other, which economists had warned could start a recession and create shortages on U.S. store shelves.
NEW YORK] Wall Street stocks mostly rose on Tuesday after data showed US inflation easing in April, extending the market’s positive momentum on the improving outlook for trade relations with major partners.
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
1don MSN
U.S. stocks are leaping after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 2.6% Monday.
The S&P 500 and Nasdaq rose on Tuesday as investors analyzed new inflation data and considered what it might mean for monetary policy. Click to read.
A deal with China is a relief to investors who worried 145% tariffs would severely limit trade, raise prices and hurt the US economy.
The S&P 500, which plummeted as much as 12% in the days following the "Liberation Day" tariff announcement, is now up over 3% since.
US stock futures are trading marginally in the red after a strong rally on Monday, marking their best single-day gain since April 9, which was the day US President Donald Trump announced a pause to his reciprocal tariff program for 90 days.
U.S. stocks are mixed after overall April inflation eased but a narrower measure stripping out volatile sectors that the Fed eyes remained unchanged.