U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
The three major Wall Street indexes surged sharply after the announcement of a 90-day tariff reduction agreement between the U.S. and China. The S&P 500 reached its highest levels since early March, boosting investor optimism.
The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration launched talks with allies also targeted by the tariff regime.
Wall Street’s major indexes tumbled sharply after U.S. President Donald Trump’s sweeping tariffs on key trade partners triggered fears of a trade war and global recession. Investors reacted with panic, sending markets into a steep decline.
Walmart’s upcoming quarterly report will provide key insights into how inflation and potential tariffs are affecting U.S. consumer spending, especially as prices for essentials rise.
All three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
U.S. stocks dip as election nears, with Trump and Harris in a tight race and investors bracing for Fed policy news.
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