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Markets open sharply higher after Trump softens on China and says he has 'no intention to fire' Fed Chair Jerome Powell

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  Early trading points to a rally for the second consecutive day.

On Wednesday, April 23, Wall Street opened higher, driven by positive earnings reports from major companies like Microsoft and Boeing, which helped to alleviate concerns about global economic growth. The Dow Jones Industrial Average rose by 150 points, or 0.6%, to 26,761, while the S&P 500 gained 0.5% to 2,989, and the Nasdaq Composite increased by 0.6% to 8,137. Despite ongoing trade tensions between the U.S. and China, investors were encouraged by strong corporate earnings and a better-than-expected U.S. GDP growth rate of 3.2% in the first quarter. However, some analysts cautioned that the market's optimism might be short-lived, as uncertainties surrounding trade negotiations and global economic growth persist.

Read the Full Fortune Article at:
[ https://fortune.com/article/wall-street-stock-market-open-higher-wednesday-april-23/ ]

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