Trillions Returning to US Stock Market after New Tariff Deal
The United States equity market regained its stride on Monday, recovering close to two trillion dollars in capitalisation after Washington and Beijing announced a 90-day rollback of the steep tariffs rattling investors for weeks. The S&P 500 climbed 2.53# to 5,804, the Dow Jones Industrial Average advanced 2.51%, and the tech-heavy Nasdaq Composite surged 4.1%, a rally analysts said restored much of the value erased by April’s tariff shock. Rough estimates based on current index capitalisations suggest the single-day jump added just over two trillion dollars to listed US companies. Tariff truce in detail Under the Geneva accord, the United States will cut the “reciprocal” tariff it imposed on Chinese imports last month from 145% to 30% for the next three months, while China will trim its duties to 10% from 125%. Both sides framed the pause as breathing space to pursue a fuller agreement and launched a new economic dialogue to hammer out longer-term terms. Although...