Dow Jones Rockets 1,000 Points as Trump Inks China Trade Deal—Traders Cheer (For Now)
Wall Street’s dopamine hit arrives right on schedule—another political headline sends algorithms into a buying frenzy. The 1,000-point surge smells more like short-covering than conviction, but hey, who’s checking fundamentals when the printer goes brrr?
Trade war truce or just another ’phase one’ placebo? The market’s Pavlovian response to geopolitical theater continues. Spoiler: tariffs always win in the long run.
Funny how these ’historic deals’ never seem to dent the Fed’s balance sheet. Somewhere in Shanghai, a Bitcoin miner just rolled their eyes.
Bitcoin and gold down, Amazon, Tesla up
Trump has publicly praised the deal, calling the talks a “total reset” in trade relations with China. While the tariff pause is not a long-term solution, it suggests that longer-term trade talks are progressing in the right direction. Notably, Trump also stated that he might speak with Chinese President Xi Jinping later this week.
Among individual stocks, some of the biggest gainers were companies most affected by tariffs on China. Amazon was up 8.01%, Apple rose 6.39%, Tesla gained 6.48%, and Nvidia climbed 5.12%. All of these companies have significant ties to China.
The stocks also helped with the dollar recovery. The dollar index was at 101.94, up 1.59%. Interestingly, both gold and Bitcoin (BTC) fell after the tariff news. BTC was down 1.43% in the last 24 hours, trading at $102,583, while gold fell 3.10% to $3,223.26 per ounce. Bitcoin’s drop alongside gold to its narrative as a hedge against inflation.
