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Stocks rebound for second consecutive day as the White House signals even more strongly it wants to make nice on tariffs


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Published in Travel and Leisure on by Fortune   Print publication without navigation

Stock indices and the U.S. dollar rose, as investors got hints of a long-sought detente in America's trade wars.

The stock market experienced a second consecutive day of gains, with the Dow Jones Industrial Average rising 1.6% to 24,585, the S&P 500 increasing by 1.4% to 2,662, and the Nasdaq climbing 1.3% to 7,067, driven by optimism around U.S.-China trade talks and positive earnings reports. Amidst this, the White House, through Scott Bessent, a former Trump campaign economic adviser, attempted to ease tensions by suggesting that the U.S. might not impose the threatened tariffs on China, which had been a significant concern for investors. Additionally, corporate earnings played a crucial role in the market's rebound, with companies like Caterpillar and 3M reporting better-than-expected results, contributing to the positive market sentiment.

Read the Full Fortune Article at:
[ https://fortune.com/article/stock-market-rebounds-second-straight-day-white-house-scott-bessent-make-nice-tariffs-china/ ]

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