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Stocks Close at All-Time High Just Months After Plunging on Tariff Fears

On Friday, U.S. stocks closed at all-time highs after a rapid recovery from a steep springtime plunge caused by trade policy fears.
This rebound followed the Federal Reserve's historic rate hikes to cool inflation and three interest rate cuts in late 2024.
In May, inflation as measured by the Fed’s preferred indicator reached 2.3%, slightly exceeding the central bank’s 2% target, while ongoing tariffs continue to create challenges for both companies and consumers.
U.S. Treasury Secretary Scott Bessent announced a trade deal with China to ease access for American firms to magnets and rare earth minerals crucial for manufacturing.
The current pause on retaliatory tariffs is set to expire in July, and failure to extend or negotiate deals may unsettle markets amid persistent inflation concerns.

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The West Australian

Lean Right

Resurgent Aussie shares bounce back with post-COVID best

The Australian share market has posted its best return since the pandemic, recovering from the meltdown triggered by Donald Trump’s tariffs four months ago to deliver nearly double-digit gains.

21 hours ago·Australia

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The Straits Times

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SIA rebounds; SGX gains ground as IPOs return, chip stocks rally

STI inches closer to the 4,000 mark despite persistent uncertainties involving tariffs, oil prices. Read more at straitstimes.com.

1 day ago·Singapore

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Sydney Morning Herald

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Banks and gold take ASX to best year since pandemic

The Australian sharemarket has a solid year despite the global uncertainty triggered by Donald Trump’s trade wars.

1 day ago·Sydney, Australia

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North Platte Nebraska's Newspaper

Center

US stocks close at an alltime high just months after plunging on tariff fears

U.S. stocks closed at an all-time high Friday, another milestone in the market's remarkable recovery from a springtime plunge caused by fears that the Trump administration's trade policies could harm the economy.

3 days ago·North Platte, United States

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Syracuse NY

Center

US stocks hit all-time high just months after plunging on tariff fears

U.S. stocks closed at an all-time high Friday, another milestone in the market’s remarkable recovery from a springtime plunge caused by fears that the Trump administration’s trade policies could harm the economy.

3 days ago·Syracuse, United States

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Helena Independent Record

Center

Stocks close at all-time high just months after plunging on tariff fears

U.S. stocks closed at an all time high Friday, another milestone in the market's remarkable recovery from a springtime plunge caused by fears that the Trump administration's trade policies could harm the economy.

3 days ago·Helena, United States

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