The latest escalation in the trade war did not have the dire consequences many predicted for the stock market. Stocks rose Tuesday after the Trump administration announced new tariffs on $200 billion of Chinese goods and China promised to retaliate with tariffs on an additional $60 billion of U.S. goods.The Dow Jones Industrial Average rose 184 points, or 0.74 percent.
BING NEWS:
- Trump advisers explore vast new legal powers for global trade war
Donald Trump’s economic advisers are eyeing aggressive new legal justifications to impose tariffs on all imports, seeking to buttress a second-term plan that would reshape the U.S. economy, according ...
05/7/2024 - 10:38 am | View Link - Trump Media shares rise again, jump 50% in the past week
The stock has had several volatile days in the past month, trading at a high of about $60 a share and a low of just over $20 per share.
04/30/2024 - 8:00 am | View Link - Trump suggests tariffs could go higher than 10%. Why one economist is calling it ‘bonkers.’
Former President Donald Trump is going beyond his initial proposal of 10% tariffs on all imports, telling an interviewer that levies could climb higher if ...
04/30/2024 - 5:14 am | View Link - Trump could drive inflation higher with his second-term economic agenda, analysts say
Donald Trump's second-term economic agenda includes aggressive tariff hikes, tax cuts and cheap money policy, all of which analysts say could threaten to reheat inflation. Trump has flat-out dismissed ...
04/30/2024 - 3:02 am | View Link - All S&P Utility stocks are above 50-day MA, less than 10% of Info Tech names are
39.6% of the constituents in the S&P 500 are trading above their respected 50-day moving averages. According to Bespoke Investment Group, only 9.6% of the Info Tech based stocks trade that indicator.
04/24/2024 - 6:13 am | View Link - More
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