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BTCC / BTCC Square / Global Cryptocurrency /
US Stocks Rally as Tech Sector Leads Recovery Amid Tariff Delay

US Stocks Rally as Tech Sector Leads Recovery Amid Tariff Delay

Author:
Global Cryptocurrency
Published:
2025-05-27 21:24:02
13
2

The Dow Jones Industrial Average surged 740.58 points, or 1.78%, closing at 42,343.65, while the Nasdaq Composite climbed 2.47% to 19,199.16. The rebound follows former President Trump’s decision to postpone proposed tariffs until July 9, easing investor concerns over an initially planned June 1 implementation.

Tech stocks spearheaded the rally, with Tesla shares jumping 7% after CEO Elon Musk announced his shift away from political engagements to focus on his companies. The move ignited risk appetite across the sector, lifting giants like Nvidia, AMD, and Apple.

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