9911796707
TMI BlogDow rallies 1,300, S and P 500 jumps 3.7 per cent as hopes for tariff negotiations deliver some reliefX X X X Extracts X X X X X X X X Extracts X X X X ..... Dow rallies 1,300, S and P 500 jumps 3.7 per cent as hopes for tariff negotiations deliver some relief X X X X Extracts X X X X X X X X Extracts X X X X ..... 500 was up 3.7 per cent in morning trading, though it still remains more than 14 per cent below its record set in February. The Dow Jones Industrial Average was up 1,388 points, or 3.6 per cent, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 4.1 per cent higher. The bounce was global. Stock indexes rallied 6 per cent in Tokyo, 3.5 per cent in Paris and 1.6 per cent in Shanghai. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The price of crude oil also pulled higher after touching its lowest level since 2021 on Monday. Bitcoin steadied and was back above USD 79,000 after dropping toward USD 76,000 the prior day. Even with Tuesday's big jump, which could be the best for the S and P 500 since late 2022, analysts say more swings up and down are likely for markets not only in the days ahead but also perhaps the hours. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he big question remains centred on how long Trump will keep his stiff tariffs on other countries, which would raise prices for US shoppers and slow the economy. If they last a long time, economists and investors expect it to cause a recession. But if Trump lowers them through negotiations relatively quickly, the worst-case scenario can be avoided. Hope still remains on Wall Street that negotiatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns may be possible, and Trump said Monday that a conversation with South Korea's acting president helped them reach the “confines and probability of a great DEAL for both countries". “Their top TEAM is on a plane heading to the US, and things are looking good,” Trump said on social media. “We are likewise dealing with many other countries, all of whom want to make a deal with the United States.” ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Japanese stocks led global markets after the country's prime minister, Shigeru Ishiba, appointed his trade negotiator for talks with the United States. It was based on an agreement between Ishiba and Trump, Japanese officials said. It “seems like we were very oversold and there's hope that things may de-escalate from here,” said Sameer Samana, a senior global market strategist for Wells Fargo In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vestment Institute, He, though, also suggested staying cautious “as the key countries continue to escalate, rather than de-escalate”. China said it will “fight to the end” and warned of countermeasures after Trump threatened on Monday to raise his tariffs even further on the world's second-largest economy. Such a bounce back for global markets as Tuesday's perhaps shouldn't be a surprise. Stocks ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... don't go in one direction forever, and some of the best days in the market's history have been clustered around some of its worst days. The biggest gain for the S and P 500 since World War II was an 11.6 per cent surge on October 13, 2008, for example. That was during the depths of the Great Recession, when worries were high that the financial system was collapsing and the S and P 500 was in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... midst of a nearly 57 per cent plunge from its peak in late 2007 until its bottom in March 2009. A couple weeks later, the index had another one of its best days in history, soaring 10.8 per cent. That's one of the reasons many financial advisers suggest not trying to time the market and selling stocks and other investments meant for the long term when nervous, because of the risk of missing out ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on such huge up days. Trump's trade war is an attack on the globalisation that's shaped the global economy and helped bring down prices but also caused manufacturing jobs to leave for other countries. He has said he wants to bring factory jobs back to the United States, a process that could take years. Trump also says he wants to narrow trade deficits with other countries. On Wall Street, health ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... insurers helped lead the market after the Centres for Medicare and Medicaid Services announced a stronger-than-expected increase in Medicare Advantage payments for next year. Humana jumped 11.8 per cent, United Health climbed 8.3 per cent and Elevance rose 4.8 per cent. In the bond market, Treasury yields rallied for a second straight day to recover more of their sharp losses from prior months. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The yield on the 10-year Treasury rose to 4.23 per cent from 4.15 per cent late Monday and from just 4.01 per cent late Friday.
Yields tend to rise with expectations for the US economy's strength and for inflation. (AP) PY PY X X X X Extracts X X X X X X X X Extracts X X X X
|
