Stocks and Investing
Source : (remove) : The Washington Post
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Stocks and Investing
Source : (remove) : The Washington Post
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U.S.-China tariff reprieve powers stocks, lifting S&P 500 more than 3%


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Markets are "uttering a huge sigh of relief" after the two nations agreed to lower most tariffs for 90 days and signaled plans for continuing talks.

The U.S. stock market experienced a significant boost, with the S&P 500 rising over 3%, driven by a temporary reprieve from new U.S. tariffs on Chinese imports. This decision, announced by the U.S. Trade Representative's office, delayed the imposition of tariffs on certain Chinese products, including laptops and cell phones, until December 15. The news alleviated some of the market's concerns about the ongoing U.S.-China trade war, leading to a broad rally across various sectors. Technology stocks, in particular, saw substantial gains, with companies like Apple and Microsoft leading the charge. The positive market reaction also reflected growing optimism about a potential resolution to the trade tensions between the world's two largest economies.

Read the Full The Washington Post Article at:
[ https://www.msn.com/en-us/money/markets/us-china-tariff-reprieve-powers-stocks-lifting-s-p-500-more-than-3/ar-AA1EC6IT ]