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S&P 500 Nears All-Time High After Key Resistance Breach on Trade Breakthrough
S&P 500 Nears All-Time High After Key Resistance Breach on Trade Breakthrough
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Equities surged as the S&P 500 broke key resistance levels, closing up 3.3% and nearing February highs. A temporary 90-day suspension of most tariffs on Chinese goods by the TRUMP administration boosted market sentiment.
The rally extended to other indices like the Dow Jones and Nasdaq, while commodity prices, particularly crude oil, also rose. The S&P 500’s breakout above the 50-week and 50-day moving averages signals a potential continuation of the bullish trend.
Wall Street opened strong on renewed trade Optimism and easing Fed concerns, reversing last week’s choppy price action. The momentum reflects growing confidence in macroeconomic stability despite lingering geopolitical risks.
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