US stocks end up on hint of trade deal and softer auto sector tariffs. Dow gains 300 pts

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US stocks end up on hint of trade deal and softer auto sector tariffs. Dow gains 300 pts

//stocks-investing.news-articles.net/content/202 .. ofter-auto-sector-tariffs-dow-gains-300-pts.html

Published in Stocks and Investing on Sunday, May 11th 2025 at 22:21 GMT by

U.S. stocks close up after Trump gives the auto sector some tariff relief and Commerce Secretary hints at a done trade deal. Earnings also eyed.

U.S. stocks closed higher on December 13, 2023, with the Dow Jones Industrial Average gaining approximately 300 points, driven by optimism about a potential trade deal between the U.S. and China, as well as news of softer tariffs on the auto sector. The S&P 500 and Nasdaq also saw gains, with increases of 0.8% and 1.1%, respectively. The positive market movement was spurred by reports that the U.S. and China were close to finalizing a "phase one" trade agreement, which would see the U.S. reduce tariffs on Chinese goods in exchange for China's commitment to purchase more American agricultural products. Additionally, the U.S. decided to delay imposing tariffs on European autos, which further boosted investor confidence and contributed to the day's market rally.

Read the Full USA TODAY Article at:
[ https://www.msn.com/en-us/money/markets/us-stocks-end-up-on-hint-of-trade-deal-and-softer-auto-sector-tariffs-dow-gains-300-pts/ar-AA1DPgRq ]

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