US EditionUS stocks add to weekly gains amid trade deal optimism
- On Friday, Wall Street experienced gains that extended the positive momentum seen throughout the week, with the Dow increasing by 0.8 percent and the S&P 500 rising 0.7 percent in New York and other key markets.
- The gains followed the United States and China announcing a 90-day tariff cut to allow trade talks, which eased tensions after recent tariff increases from US President Donald Trump.
- Investors awaited updates from the US president regarding developments in trade negotiations while paying little attention to disappointing consumer sentiment figures that highlighted a gloomy economic outlook and rising inflation worries.
- Shares of Take-Two Interactive dropped by 2.4 percent following the announcement of $3.55 billion in one-off expenses related to postponing the release of its new Grand Theft Auto game to May 2026, while Alibaba's stock declined more than six percent amid weak consumer demand in China.
- The rise in equities suggests market relief from easing trade tensions and hopes for more deals, although significant tariffs and domestic policy uncertainties remain.
Insights by Ground AI
Does this summary seem wrong?
48 Articles
48 Articles
All
Left
6
Center
11
Right
9
Daily Journal+45 Reposted by 45 other sources
US stocks add to weekly gains amid trade deal optimism
Wall Street stocks rose again Friday, adding to weekly gains fueled by deescalation of the China-US trade war and hopes for additional international trade deals.
·Cherokee County, United States
Read Full Article
Rocket Fuel for the Market
By John Stewart, chief investment officer at Farmers Trust Co. Week in Review: Rocket Fuel for the Market On the last edition of The Investors Edge, we had essentially round-tripped the tariff-induced selloff that began at the beginning of April. Now that President Trump has announced trade deals with the UK and China, and Congress […] The post Rocket Fuel for the Market | The Investors Edge appeared first on Business Journal Daily | The Youngst…
Coverage Details
Total News Sources48
Leaning Left6Leaning Right9Center11Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 23%
C 42%
R 35%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
