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Wall Street Ends Higher as Investors Digest Trump’s Trade Comments
Regional bank stocks rebounded after a steep selloff while the S&P 500 gained 0.5%, supported by easing credit risk concerns and trade remarks from President Trump.
- On Friday, Wall Street ended higher as investors assessed U.S. President Donald Trump's comments on China while quarterly regional bank results eased credit concerns.
- U.S. President Donald Trump last week unveiled tariffs and export controls on critical software set for November 1 and said a 100% tariff on Chinese goods was not sustainable, blaming Beijing.
- Regional bank stocks rebounded after an Oct 16 selloff that followed Zions Bancorporation's losses and Western Alliance's lawsuit, lifting the S&P Composite 1500 Regional Banks index after tumbling almost 6%.
- The CBOE volatility index fell to 23.89 points after hitting 28.99 earlier in the day, while nine of the 11 S&P 500 sector indexes rose, supporting the rally.
- Analysts project S&P 500 earnings growth of 9.3% in the third quarter, and expectations the Federal Reserve will cut rates this year have supported traders.
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US STOCKS-Wall Street ends higher as investors digest Trump trade comments
US STOCKS-Wall Street ends higher as investors digest Trump trade comments Wall Street ended higher on Friday as investors assessed U.S. President Donald Trump's latest remarks on China, while quarterly results from regional banks eased concerns about credit risks. Trump said his proposed 100% tariff on goods from China would not be sustainable, but blamed Beijing for the latest impasse in trade talks that began with Chinese authorities tighteni…
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Total News Sources41
Leaning Left2Leaning Right8Center9Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
11%
C 47%
R 42%
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