The S&P 500 and Nasdaq reached all-time highs following President Trump’s announcement of a new trade deal with China. This is a significant turnaround from two months ago, when investor pessimism was fueled by fears surrounding Trump's tariffs, which led to market turmoil. Following the deal announcement, Treasury Secretary Scott Bessent provided insights about the deal, including a boost in rare earth mineral exports from China. The Dow Jones also performed well, raising hopes for further negotiations with additional trading partners by Labor Day.
The S&P 500 and Nasdaq hit new all-time highs after news of a new trade deal between the U.S. and China, signaling a recovery in investor confidence.
Just two months ago, markets faced crisis conditions due to tariffs, but the announcement of the trade deal has shifted investor sentiment dramatically.
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