China, US Slash Sweeping Tariffs On Each Other
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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.
Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.
U.S. stocks rallied Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland.
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.
Dow industrials slip, Treasury yields creep higher and bitcoin rallies
President Donald Trump suggested many trade deals are near, while also endorsing cutting the tariff rate on China before weekend talks.
Futures on the Dow Jones Industrial Average (YM00 ... and machines for making semiconductors would be exempt from some tariffs. But that elation was cut short when Commerce Secretary Howard ...
The Dow Jones Industrial Average slipped on Friday (May 9) as investors looked ahead to key trade talks between U.S. and Chinese officials scheduled for the weekend. The Dow shed 119.07 points, or 0.29%,