North American markets climb as relief spreads through trading worldwide, but U.S.-China threats loom
Some relief was flowing through global financial markets on Tuesday, with stocks rising to recover a bit of their historic losses after U.S. President Donald Trump dramatically raised the stakes in his trade war last week.
The S&P 500 was up 2.4 per cent in midday trading, though it still remains more than 15 per cent below its record set in February. The Dow Jones industrial average was up 926 points, or 2.4 per cent, as of noon ET, and the Nasdaq composite was 2.4 per cent higher.
The S&P/TSX Composite Index was also up 0.76 per cent midday.
Most megacap and growth stocks gained, with Nvidia and Meta Platforms adding five per cent each, and Tesla rising four per cent. The technology sector rose 3.5 per cent, while…
