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.
Wall Street’s three major indexes rose sharply following the U.S.-China agreement to reduce tariffs for 90 days. The deal fueled hopes for easing the global trade war.
The S&P 500 gained 184.28 points (3.26%) to reach 5,844.19, marking its highest levels since early March. The Nasdaq Composite rose by 779.43 points (4.35%) to 18,708.34, while the Dow Jones Industrial Average climbed 1,160.72 points (2.81%) to 42,410.10.
On Monday, the U.S. and China announced they would reduce tariffs on each other’s goods for 90 days. The U.S. stated it would cut tariffs on Chinese imports from 145% to 30%, while China said it would reduce duties on U.S. imports from 125% to 10%.
Investors Turn to Riskier Assets
Investors began favoring riskier assets following the agreement, though they still await clarity on the final tariff arrangements. During this period, the dollar strengthened against the euro, and bond markets experienced a downturn.
Aleksandr Morris, CEO of F/M Investments, noted that while the positive trade news has eased investor concerns, the rising interest rates are fueling inflation fears. He highlighted that the 10-year bond yield is approaching 4.5%, a level the Trump administration worked hard to move away from in order to reduce mortgage costs for consumers.
Japan has not received a request from Washington for its best trade proposals, despite a White House statement suggesting such letters were sent ahead of a Wednesday deadline.
Global tensions are rising as China’s curbs on critical mineral exports threaten to derail supply chains for automakers, defense firms, and tech giants around the world.
Switzerland has emerged as a key destination for Azerbaijani non-oil goods, with imports tripling in the first four months of 2025.
Mexico plans to formally request an exemption from the United States’ doubled steel tariffs, Economy Minister Marcelo Ebrard said, criticizing the move as unjust and economically unsound.
Smoke from intense wildfires burning across Canada has spread thick haze over parts of the US Midwest, causing “very unhealthy” air quality in Minnesota, Wisconsin, and Michigan on Tuesday.
Switzerland has emerged as a key destination for Azerbaijani non-oil goods, with imports tripling in the first four months of 2025.
Japan has not received a request from Washington for its best trade proposals, despite a White House statement suggesting such letters were sent ahead of a Wednesday deadline.
Global tensions are rising as China’s curbs on critical mineral exports threaten to derail supply chains for automakers, defense firms, and tech giants around the world.
Mexico plans to formally request an exemption from the United States’ doubled steel tariffs, Economy Minister Marcelo Ebrard said, criticizing the move as unjust and economically unsound.
Smoke from intense wildfires burning across Canada has spread thick haze over parts of the US Midwest, causing “very unhealthy” air quality in Minnesota, Wisconsin, and Michigan on Tuesday.
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In a major blow to one of President Donald Trump’s key economic policies, a US federal court has blocked the administration’s sweeping global tariff regime, ruling that the White House overstepped its constitutional authority.
Japan has not received a request from Washington for its best trade proposals, despite a White House statement suggesting such letters were sent ahead of a Wednesday deadline.
Global tensions are rising as China’s curbs on critical mineral exports threaten to derail supply chains for automakers, defense firms, and tech giants around the world.
Mexico plans to formally request an exemption from the United States’ doubled steel tariffs, Economy Minister Marcelo Ebrard said, criticizing the move as unjust and economically unsound.
Smoke from intense wildfires burning across Canada has spread thick haze over parts of the US Midwest, causing “very unhealthy” air quality in Minnesota, Wisconsin, and Michigan on Tuesday.
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Switzerland has emerged as a key destination for Azerbaijani non-oil goods, with imports tripling in the first four months of 2025.
Japan has not received a request from Washington for its best trade proposals, despite a White House statement suggesting such letters were sent ahead of a Wednesday deadline.
Global tensions are rising as China’s curbs on critical mineral exports threaten to derail supply chains for automakers, defense firms, and tech giants around the world.
Mexico plans to formally request an exemption from the United States’ doubled steel tariffs, Economy Minister Marcelo Ebrard said, criticizing the move as unjust and economically unsound.
Smoke from intense wildfires burning across Canada has spread thick haze over parts of the US Midwest, causing “very unhealthy” air quality in Minnesota, Wisconsin, and Michigan on Tuesday.
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