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U.S. Equities Rally on Trade Optimism and Tax Cut Prospects
U.S. Equities Rally on Trade Optimism and Tax Cut Prospects
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BTCCSquare news:
U.S. stock indices extended gains as positive trade developments and impending tax cuts fueled bullish sentiment. The Dow Jones Industrial Average ROSE 171 points (0.39%), while the S&P 500 and Nasdaq Composite advanced 0.28% and 0.27% respectively.
Trade tensions showed signs of easing as President TRUMP indicated progress in negotiations with major partners. The White House confirmed the resumption of trade talks with Canada following the removal of its digital services tax targeting U.S. tech firms.
Market participants interpreted these developments as reducing inflationary pressures and boosting growth prospects. The combination of trade resolution and fiscal stimulus has positioned equities for potential record highs.
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