Dow rallies 400 points to start week on hopes Trump is softening tariff stance: Live updates
- The Dow Jones industrial average gained almost 600 points due to hopes that Donald Trump may soften his tariff stance.
- James Hardie Industries announced it will acquire AZEK for nearly $9 billion, offering a 37.4% premium to AZEK's closing price on Friday.
- Manufacturing activity shrank again in March, while service-sector activity exceeded expectations, according to S&P Global's reports.
26 Articles
26 Articles
USA: The Motives Behind Trump's Suspected Customs Delusion
According to the US President's customs threats, the financial markets have partly collapsed strongly. Does Trump not end up threatening the prosperity of the US with his policies? So what is he really up to? Economist and guest author Günther Schnabl considers above all a response likely.
Dow jumps 598 points as Trump eases off on tariff plans
Stocks surged on Monday as Donald Trump said he may scale back tariffs set to be unveiled on April. 2. The Nasdaq Composite index gained 2.3%, as all Magnificent 7 stocks surged, the S&P 500 gained 1.8%, and the Dow Jones industrial average gained 1.4%, or almost 600 points.Read more...
Trump reportedly preparing more targeted tariffs to allay market concerns
The NewsUS President Donald Trump is reportedly readying more targeted levies on American trading partners than the mass duties originally threatened, helping to allay market concerns.Trump also this weekend pledged “flexibility” ahead of a planned Apr. 2 imposition of reciprocal tariffs. Still, traders remain worried: Flexibility “connotes openness to change,” CNBC noted, but “also signals uncertainty, something anathema to the market.” Already…
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