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Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades
US stocks surge today after a U.S.-China tariff truce. Dow, S&P500, and Nasdaq rally sharply with Apple, Caterpillar, and Chevron leading the rebound.
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All told, the S&P 500 rose 184.28 points to 5,844.19. The Dow Jones Industrial Average gained 1,160.72 to 42,410.10, and the Nasdaq composite leaped 779.43 to 18,708.34.
The euphoria over the US-China trade truce began to fade as investors digested the latest reading on consumer prices.
Chinese leader Xi Jinping has taken aim at “bullying” and “hegemonism,” in his first public remarks since a temporary truce over tariffs was agreed in the trade war between the United States and China.
Wall Street is on track to open with losses Tuesday as the initial euphoria over the 90-day truce in the U.S.-China trade war faded and markets turned their attention to corporate earnings and new inflation data.