|
symbol |
price | change | %change |
|---|---|---|---|
| I: DJI | $38,753.12 | 582.71 | 1.53 |
| SP500 | $5,234.43 | 76.23 | 1.48 |
| I:comp | $16,149.34 | 278.44 | 1.75 |
After a sale in the previous session, US stocks climbed Tuesday.
The Dow Jones industrial average rose 900 points (over 2.3%), while the S&P 500 and NASDAQ Composite rose 2.2% and 2.5% respectively.
The Major Index reported that it stood up after Bloomberg citing sources, and Treasury Secretary Scott Bescent told the Investor Summit that the trade war with China is unsustainable and that he expects a trade war to be emitted.
In the previous session, stocks fell as investors monitored signs of progress in trade talks, after President Donald Trump continued to criticize Federal Reserve Chairman Jerome Powell.
The Dow dropped 971.82 points (2.48%), with the S&P 500 and NASDAQ Composite down 2.36% and 2.55%, respectively.
In a post about the True Society, Trump attacked Powell, claiming that energy costs and food prices were “significantly low” and that there was “virtually no inflation.”
“These costs are flowing so well, so there’s little inflation just what I predicted they’d do, but now there’s a slowdown in the economy as long as it’s not too slow to lower interest rates,” Trump said.
The president’s comments come after Powell said in the Truth Social Post last week that he was “always too late and wrong.”
Trump’s repeated criticism of Powell and the Fed raised concerns about the long-term independence of central banks to make monetary policy decisions.
