The major US stock indices are sharply higher on US/China tariff news. Over the weekend the US slashed tariffs for the next 90-days on China goods from 145% to 30% inclusive of a 20% tariff due to fentanyl. The news led to sharp buying which did not abate. The broader S&P and Nasdaq indices had their 2nd best days going back to 2022.
The final numbers are showing:
Some of the bigger winners today included:
Shopify Inc +13.71%
First Solar +11.07%
Block +9.29%
Lam Research +9.18%
Amazon.com +8.09%
Meta Platforms +7.92%
Arm +7.77%
Micron +7.49%
Papa John’s +7.26%
Gilead +7.12%
FedEx +6.94%
Tesla +6.82%
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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