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Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the U.S.-China trade war

NEW YORK (AP) — Stocks rallied Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and create shortages on U.S. store shelves. The S&P 500 shot up 3.3% to pull back within 5% of its all-time high set in February. It’s been roaring higher since falling nearly 20% below the mark last month on hopes that President Donald Trump will lower his tariffs after reaching trade deals with other ...

Wall Street rises on hopes for trade deals that could forestall a recession

NEW YORK (AP) — U.S. stocks rose Thursday after the United States and United Kingdom announced a deal on trade that would lower some tariffs between the two countries, the first of what Wall Street hopes will be enough agreements to keep a recession from hitting the economy. The S&P 500 climbed 0.6% for its 11th gain in the last 13 days. The Dow Jones Industrial Average added 254 points, or 0.6%, and the Nasdaq composite rose 1.1%. It wasn’t just stocks. Bitcoin jumped back above $101,000, and crude oil prices climbed, while the price of gold eased back as investors felt less ...

U.S. stocks sink again as more companies detail damage they’re taking because of Trump’s trade war

(AP) — U.S. stocks closed lower Tuesday as quarterly results show more companies are scrubbing their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs. The S&P 500 fell 0.8%, its second drop after breaking a nine-day winning streak, its longest such run in more than 20 years. The Dow Jones Industrial Average dropped 0.9%, and the Nasdaq composite finished 0.9% lower. Palantir Technologies was one of the heaviest weights on the market as it sank 12%. The company, which offers an AI platform for customers, dropped even though it ...