Dow Jones Industrial Average, China
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Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President Donald Trump removing his threat of adding 100% tariffs on China.
The Fear & Greed Index showed lower fear, Dow surged 300 pts., US & China had successful trade talks, markets cheered.
U.S. stock market today surged to fresh record highs as strong earnings and rate-cut hopes fueled Wall Streets rally. The Dow Jones rose 1%, S&P 500 gained 0.8%, and Nasdaq jumped 1.1%. UPS spiked 7%,
The company posted a net loss of $0.19 a share on an adjusted basis, narrower than analysts’ projected loss of $0.30 a share, according to consensus estimates. Revenue totaled $9.97 billion, falling short of the expected $10.23 billion and down 8% from the year-ago period amid lower prices and softer demand across all operating segments.