Stocks Soar After Temporary Tariff Reduction Between U.S., China
(The Center Square) – U.S. stocks soared Monday after the world's two largest economies reached a temporary trade deal to significantly lower tariffs while talks continue. The Dow gained 2.8% to close at 42,410, above where it closed on April 2 before President Donald Trump's "Liberation Day" tariffs drove markets down. The S&P 500 gained 3.26% on the day while the Nasdaq was up 4.3%, entering a new bull market by closing 20% above its April low point. On Monday morning, China and the U.S. released details of a trade pact reached over the weekend after talks in Geneva. The U.S. and China said they will cut tariffs on imports from each other by May 14.
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Show Notes
(The Center Square) – U.S. stocks soared Monday after the world's two largest economies reached a temporary trade deal to significantly lower tariffs while talks continue. The Dow gained 2.8% to close at 42,410, above where it closed on April 2 before President Donald Trump's "Liberation Day" tariffs drove markets down. The S&P 500 gained 3.26% on the day while the Nasdaq was up 4.3%, entering a new bull market by closing 20% above its April low point. On Monday morning, China and the U.S. released details of a trade pact reached over the weekend after talks in Geneva. The U.S. and China said they will cut tariffs on imports from each other by May 14.
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Full story: https://www.thecentersquare.com/national/article_700f445f-e11a-4496-9456-402a50f0b243.html
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