Trade War Slows as Wall Street Recovers
Summary from the AllSides News Team
Featured Coverage of this Story
From the Center
Dow closes more than 300 points higher as China tamps down fears of trade-war escalation
U.S. stocks posted strongest gains Thursday after Beijing indicated it wasn’t in a rush to respond to the latest round of tariffs imposed by Washington.
How did the major benchmarks faring?
The Dow Jones Industrial Average DJIA, +1.25% advanced 326.15 points, or 1.3%, to end at 26,362.25, while the S&P 500 index SPX, +1.27% rose 36.64 points, or 1.3%, to finish at 2,924.58. The Nasdaq Composite Index COMP, +1.48% added 116.51 points, or 1.5%, to close at 7,973.39.
This week’s rebound has slashed month-to-date losses for the major indexes,...
From the Left
Dow rises 350 points after China says it wants trade talks
Stocks jumped on Thursday after China said it wished to resolve its protracted trade dispute with the world’s largest economy with a “calm” attitude.
By midday, the Dow Jones Industrial Average was trading 350 points higher, or 1.4 percent. The S&P 500 gained 1.3 percent, while the Nasdaq Composite advanced 1.5 percent.
“There’s a talk scheduled for today at a different level,” President Donald Trump said in an interview with Fox News Radio, without elaborating.
“Let’s see what the end product is; that’s what you have to judge it by,”...
From the Center
Wall Street rallies after China trade comments 
NEW YORK (Reuters) - U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession.
China’s commerce ministry said both sides are discussing the next round of talks scheduled for September, but progress would be determined by whether Washington could create favorable conditions.
U.S. President Donald Trump said in a Fox News radio interview that trade talks were scheduled for Thursday “at a...
AllSides Picks
May 6th, 2024
May 6th, 2024
May 6th, 2024
More News about Trade from the Left, Center and Right
From the Left
From the Center
From the Right
