US EditionWall St opens higher after long weekend on Trump's trade reprieve
- Wall Street's main indexes rose sharply on Tuesday, May 28, after President Trump delayed a 50% tariff on European Union imports until July 9 in the U.S.
- Trump initially threatened the tariffs for June 1, but rolled back the threat to ease trade tensions and allow talks between Washington and the EU's 27 nations.
- The delay improved investor sentiment, with the Dow up about 400 points, the S&P 500 rising 77 points, and Nvidia leading gains amid a mixed global market.
- A Conference Board report revealed that U.S. Consumer confidence jumped to a level of 98 in May, surpassing the anticipated figure of 87 and indicating renewed short-term optimism despite ongoing tariff concerns.
- While the tariff pause boosted markets and raised hopes for a trade deal by July 9, caution remains as talks do not guarantee results and economic risks persist from ongoing uncertainty.
55 Articles
55 Articles
Wall Street Bets Worst of Trump’s Trade War Is Over
Wall Street Journal: “While corporate earnings and bond-market jitters have prompted stock swings in recent weeks, trade policy remains the key driver of day-to-day market action. Investors have eagerly greeted any signs of easing tensions by driving markets higher, hopeful that the U.S. will eventually be able to strike deals with little lasting damage to the economy or corporate profits.” “Few think the trade tensions have dissipated, or won’t…
What is the 'TACO trade' on Wall Street?
(The Hill) - There’s a new trade on Wall Street: the TACO trade, standing for “Trump Always Chickens Out.” The term was coined by Robert Armstrong, a writer for the Financial Times, and is intended to capture how markets have fallen on President Donald Trump’s vow to impose steep tariffs on imports to the United States and then jump back up when Trump announces pauses on those tariffs. Most recently, Trump on Friday vowed to impose a 50 percent …
Wall Street Closes with Strong Rises After the Tariff Truce, but the Santiago Stock Exchange Decouples Once Again
The global actions went up once again, pushed by Wall Street's positive reaction to the US-European Union tariff truce announced on Sunday by President Donald Trump.It should be remembered that yesterday the New York Stock Exchange was closed by Memorial Day holiday.In that context, the Dow Jones of industrialists gained 1.78%, the Nasdaq technology 2.47% and the expanded S&P 500 index by 2.05%.With this result, the global actions grouped in the…
Colorado Springs Gazette
Investing.comWall St opens higher after long weekend on Trump's trade reprieve
(Reuters) - Wall Street opened higher on Tuesday after U.S. President Donald Trump dialed back his threat of tariffs on EU imports, defusing trade tensions between the United States and
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