Reported about 10 hours ago
US Treasury Secretary Scott Bessent stated that the ongoing US-China trade war is unsustainable, leading to a rebound in stocks after a significant sell-off the previous day. The Dow climbed over 1,000 points, with the S&P 500 and Nasdaq also rising amid investor optimism. However, concerns about Federal Reserve independence and the uncertainty surrounding trade negotiations continue to unsettle the markets.
Source: YAHOO