US EditionWall Street jumps at open after Trump softens rhetoric on China and Fed chair
- U.S. Stocks leaped Wednesday, bringing a worldwide rally back to Wall Street.
- The rally followed strong gains across Europe and Asia as President Trump softened trade war talk and Fed criticism.
- Major indexes like the S&P 500 and Nasdaq composite saw significant percentage increases led by technology stocks.
- The S&P 500 was 2.6% higher, and Trump said he had "no intention of firing him" regarding the Fed chair.
- Markets rose following Trump's comments, suggesting investor relief and hope for trade de-escalation.
284 Articles
284 Articles
Stocks, dollar eye weekly rise on Trump's tariff backdown
SINGAPORE: Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first weekly rise in more than a month as investors have welcomed an apparent softening of the White House stance on China, despite no signal of detente. © New Straits Times Press (M) Bhd
Fox Business
The New York LedgerBank of America CEO says highly-anticipated Trump trade deals will do a lot to 'calm the market'
The White House has been working to secure numerous trade deals during President Donald Trump's 90-day tariff pause, but the overall tariff tussle has caused an increase in U.S. market volatility. One leading U.S. bank CEO argued that a "blueprint" deal could do a lot to "calm the market down."On Tuesday, White House press secretary Karoline Leavitt said the Trump administration now has "18 proposals on paper" for trade deals, but there is still…
5 takeaways from the week — from a softer approach on trade to Hegseth in hot water
After much volatility because of Trump's trade war, the stock markets responded positively to a softened tone toward both China and the Fed chair. This, plus four more takeaways from this week.(Image credit: Samuel Corum/Sipa)
Trump dice que su Gobierno se reunió con China esta mañana, después de que funcionarios chinos negaran las conversaciones
El presidente de EE.UU. Donald Trump dijo este jueves que su Gobierno tuvo reuniones con funcionarios chinos sobre comercio en la mañana, contradiciendo declaraciones anteriores de representantes de China que afirmaron que no se han reunido con EE.UU.
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