Dow Rises 500 Points, Nasdaq Up 2% After Trump Turns Down the Heat on Tariffs
Dow Rises 500 Points, Nasdaq Up 2% After Trump Turns Down the Heat on Tariffs
With his repeated tariff threats, President Trump is putting his hands on the proverbial hot stove over and over again. Neither Main Street nor Wall Street likes getting burned, but the latest rebound in stocks and consumer confidence shows how turning off the heat could keep the rally going.
The Dow Jones Industrial Average was up 500 points, or 1.2%. The S&P 500 was up 1.6%. The Nasdaq Composite was up 2%.
Stocks were rallying broadly, with every major S&P 500 sector on the rise; technology, consumer discretionary, and communication services were all up more than 1%.
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