Stocks are rallying as Trump pivots from the 2 biggest things dragging down markets

Stocks are rallying as Trump pivots from the 2 biggest things dragging down markets

Trump's softer tone on China tariffs and Fed chair Powell sparked a strong relief rally on Wednesday. Stocks, bonds, and the dollar rose.

The US stock markets rose significantly on Wednesday. At the close of trading in New York, the Dow was calculated at 39,607 points, an increase of 1.1 percent compared to the previous trading day. A few minutes earlier, the broader S&P 500 was up 1.7 percent at around 5,375 points, while the technology exchange Nasdaq calculated the Nasdaq 100 at the same time at around 18,693 points, up 2.3 percent. US President Donald Trump's statements that h…

“Biggest Losers” Bounce … But Don’t Buy It

Yesterday, nearly 10 stocks trading on the New York Stock Exchange traded higher for every one stock that traded lower — an unusually lopsided (and bullish) ratio. Those animal spirits have also carried over to today’s session, where we’re seeing a similarly bullish ratio of 9-to-1. Today, we’ll have a look at the widely followed Nasdaq 100 index, which is comprised of the largest 100 stocks trading on the Nasdaq exchange and is notoriously “tec…

Nasdaq 100 and Bonds Stage Relief Rally as Trump Tones Down Rhetoric

The Nasdaq 100 jumps over 3% after Trump eases rhetoric on Fed and China tariffs. Is this the turning point for risk appetite?

17:11 US stock markets are turning bright green as US President Donald Trump softens his stance on Fed independence and trade tariffs on China.