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Wall Street ends higher on hopes of trade war de-escalation

  • US stocks advanced on Thursday following a two-day rally.
  • Hopes for easing trade tensions and Federal Reserve independence drove the market gains.
  • Many companies reported strong early 2025 profits but offered cautious future outlooks.
  • The S&P 500 index gained 1.67%, reaching 5,375.86; however, China denied active tariff talks.
  • Market swings will likely continue until tariff policy provides greater clarity.
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Asia stocks rise in wake of Wall Street rally

Asian stocks climbed on Friday, buoyed by a rally on Wall Street, strong earnings from Google parent company Alphabet, and the prospect of diffusing tensions in US President Donald Trump's trade war.

·Cherokee County, United States
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CNBC broke the news in United States on Tuesday, April 22, 2025.
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