Reported 9 days ago
In a volatile trading session, U.S. stocks surged after President Trump announced a 90-day pause on tariffs for many countries while increasing tariffs on China to 125%. The S&P 500 rose over 8.5%, the Nasdaq jumped 11%, and the Dow gained over 7%. Amid escalating trade tensions with China, this move was seen as a relief to investors, prompting significant gains in tech stocks like Nvidia and Tesla. However, economists remain cautious, warning that ongoing tariff disputes could still lead to economic instability.
Source: YAHOO