US stocks surged on Monday after President Donald Trump’s top trade officials brokered a surprisingly dramatic de-escalation in trade tensions with China over the weekend, dropping tariffs to much lower levels, which some economists say could stave off a US recession.
The Dow rose more than 1,000 points, or 2.5%. The broader S&P 500 was 2.85% higher, and the tech-heavy Nasdaq Composite gained 4%.
US stocks were set to erase all their losses since Trump’s April 2 “Liberation Day” trade announcement, which placed a 10% tariff on practically all goods coming into the United States and set significantly higher tariffs on dozens of countries.
Elsewhere, Russia is coming to the negotiation table. First time ever. India and Pakistan have a ceasefire. Tensions are easing in Gaza. Trump flipped hundreds of billions in China trade deal. We have deals with the 5th and 6th economies in the world. Savings of additional hundreds of billions. Investment in America is now in the trillions. Corporate HQs and industry are FLOODING back to the US. DJIA has risen 11 of the past 14 sessions.
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Guys, I am so buoyant and overflowing with excitement this morning, I am busting at the seams. I am giddy with joy and optimism. How can anyone not be super excited for the future of America with this great man in charge?? He's doing EXACTLY what he promised to do on every single front.