US stock markets rally as White House says there is ‘great optimism’ in the economy – as it happened | Tariffs
US stock markets close in a rally
After a tumultuous week, US stock markets just closed for the week on a high note. The Dow went up 600 points today, while the S&P 500 and Nasdaq Composite were up 1.8% and 2%, respectively.
Over this week, all three indexes rose substantially, largely after Donald Trump paused many of his tariffs. This week:
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The Dow went up 6%, or over 2,300 points.
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The S&P 500 jumped 8.2%.
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The tech-heavy Nasdaq topped 11.6%.
It’s a huge rally after volatile drops in the market, but it’s unclear how long the upswings will last, particularly because the markets have proven so sensitive to the uncertainty around Trump’s policies.
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