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U.S. Stocks Gain as Trump Softens Stance on China Tariffs and Powell
U.S. Stocks Gain as Trump Softens Stance on China Tariffs and Powell
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U.S. stocks rallied Wednesday after President Trump eased investor concerns by suggesting a potential reduction in Chinese tariffs and reaffirming support for Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average surged 419 points, while the S&P 500 gained 1.6% and the Nasdaq Composite led the charge with a 2.5% leap. market sentiment improved sharply following Trump’s dual assurances—his commitment to Powell’s leadership and openness to dialing back trade restrictions. The comments provided much-needed clarity after weeks of uncertainty surrounding both monetary policy and U.S.-China trade relations.
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