Search This Blog
money saving tips for canadians, best saving tips for canadians of all ages. MoneySavings and Canadian news, financial news
Featured
article
- Get link
- X
- Other Apps
Wall Street Rebounds: U.S. Stocks Hit Record Highs After Tariff Turmoil
.png)
In a dramatic turnaround, U.S. stock markets closed at all-time highs on Friday, just months after a steep plunge triggered by fears over escalating tariffs. The S&P 500 rose 0.5%, surpassing its previous record set in February, while the Nasdaq Composite and Dow Jones Industrial Average also posted gains of 0.5% and 1%, respectively.
This milestone marks a swift recovery from a nearly 20% drop earlier in the year, when uncertainty surrounding the Trump administration’s trade policies rattled investors. The rebound was fueled by easing tensions with China, a preliminary trade deal, and signs of resilience in consumer spending despite inflationary pressures.
Nike led the charge with a 15.2% surge, even as it warned of tariff-related challenges. Meanwhile, oil prices stabilized and inflation data came in largely as expected, helping to calm market nerves.
Though concerns remain—particularly around ongoing trade negotiations and inflation—the market’s resilience has offered investors a renewed sense of optimism. As one strategist put it, “Investors will breathe a sigh of relief”.
Popular Posts
Trump's Six Words: "I'm Going to Stop the Wars"
- Get link
- X
- Other Apps
Fiscal Challenges Ahead: U.S. Bonds Face Uncertainty Under Trump’s New Term
- Get link
- X
- Other Apps
Comments
Post a Comment