U.S. and China Ease Tariffs, Boosting Global Markets
The U.S. and China have reached a temporary agreement to ease tariffs, leading to a surge in global markets. This move brings tariff rates to more manageable levels, offering a reprieve from the ongoing trade tensions.
On Monday, the stock market saw one of its best days in recent history. The Dow Jones soared to around 42,300, gaining 1,078 points, or 2.61%.The S&P 500 climbed to 5,834, up 174 points, or 3.08%.The tech-heavy nasdaq jumped to 18,683, up 754 points, or 4.21%. The positive news pushed the dow Jones to about 42,300 mid-afternoon. The S&P 500 also rose, hitting 5,834, a 3.08% increase.The Nasdaq, heavily influenced by tech stocks, climbed to 18,683, a 4.21% rise. The relief came after President Trump announced a 90-day pause on new tariffs. The Nasdaq, which includes manny tech companies,
