Wall Street Rallies as Trump Eases US-China Trade Fears
US Stocks main indexes closed sharply higher on Monday, rebounding from Friday’s steep sell-off after President Trump struck a softer tone on US-China trade tensions, assuring that relations with Beijing “will all be fine.”
The S&P 500 and Nasdaq 100 climbed 1.6% and 2.2%, respectively, while Dow Jones jumped 593 points, as investors rushed back into risk assets following Trump’s comments. His remarks helped ease fears of an escalating trade war after last week’s threat of a 100% tariff on Chinese goods wiped out roughly $2 trillion in market value.
Gains were led by technology stocks, with Nvidia and AMD rising 2.9% and 0.8%, Oracle soaring 5.1%, and Broadcom surging 9.9% after confirming its AI partnership with OpenAI. Still, investors remained cautious amid a prolonged government shutdown and delayed economic data releases, while attention turned to the kickoff of earnings season, with major banks such as JPMorgan, Goldman Sachs, and Citigroup set to report results this week.
Source: Trading Economics
