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Stocks Surge on Hopes of U.S.-China Trade De-escalation
Stocks Surge on Hopes of U.S.-China Trade De-escalation
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U.S. stocks surged Tuesday, with the Dow Jones Industrial Average rising 1,009 points, or 2.7%, the S&P 500 gaining 2.4%, and the Nasdaq Composite climbing 2.5%. The surge came after Treasury Secretary Scott Bessent signaled a likely de-escalation in U.S.-China trade tensions, which positively impacted stocks closely tied to China. However, equities eased from session highs afterward. No cryptocurrencies or exchanges mentioned in this article.
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