US EditionUS stocks add to weekly gains amid trade deal optimism
- Stocks in New York climbed once more on Friday, building on weekly gains supported by reduced tensions between China and the US and optimism for future trade agreements.
- The gains came after the US and China agreed to temporarily reduce their reciprocal tariffs for a three-month period to facilitate trade negotiations, although many tariffs remain in effect.
- Equity markets enjoyed notable rises with the Dow up 0.8 percent at 42,654.74, the S&P 500 up 0.7 percent, and the Nasdaq Composite up 0.5 percent.
- Chris Low from FHN Financial highlighted an increasing feeling of reassurance among investors due to stable US inflation figures, even as they remained cautious about developments in trade negotiations and budget proposals.
- The market rebound suggests reduced fears that Trump's tariffs will sharply increase pricing pressures while investors monitor trade talks and fiscal policy developments.
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US stocks add to weekly gains amid trade deal optimism
Wall Street stocks rose again Friday, adding to weekly gains fueled by deescalation of the China-US trade war and hopes for additional international trade deals.
·Cherokee County, United States
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Total News Sources39
Leaning Left4Leaning Right8Center9Last UpdatedBias Distribution43% Center
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C 43%
R 38%
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