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China, Trump and Stock Market
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7hon MSN
In the days before President Donald Trump suddenly paused most of the punishing tariffs on foreign countries he had revealed in early April, more than a dozen congressional lawmakers were tied to thousands of dollars’ worth of stock transactions,
Investors were digesting a softer-than-expected inflation reading and assessing a US-China plan to salvage their trade truce.
The stock market seems to be betting on more trade breakthroughs and favorable inflation data. But the bond market and CEOs might not be so sure about that.
Tesla stock traded higher early Wednesday as shares continue to recover from last week's sell-off with the feud between Elon Musk and President Trump cooling down.
Wall Street digested the progress on US-China trade negotiations and braced for the release of the May consumer inflation report.
The latest Consumer Price Index report showed inflation rose slightly to 2.4%. Meanwhile, Trump said the U.S. and China have reached a trade framework. Follow along for live updates on the Dow, S&P 500,
The housing market is seeing yet another big development brewing that could potentially shake up interest rates on home loans.
While the stock recovery is nice, higher prices mean that stocks are riskier than they were weeks ago at lower prices, if the facts on the ground are still the same. Some 60 days have already elapsed on a Trump-imposed 90-day pause on the tariffs’ full implementation,