📈🇺🇸🛃📉 Wall Street Rallies as Trump Softens on China Tariffs, Powell Threats
🔹 Summary:
U.S. markets surged Wednesday, led by tech, as investor sentiment rebounded on reports President Trump may reduce China tariffs and walk back threats to fire Fed Chair Jerome Powell.
Relief from trade war tensions, stronger-than-expected earnings from Tesla and Boeing, and a calmer Fed narrative helped fuel broad gains across global equities.
🔹 Key Points:
• S&P 500 rose 1.79%, Nasdaq jumped 2.61%, and Dow gained 1.22%.
• Trump hinted tariffs could fall to 50–60%, down from the current 145% on China.
• Trump also reversed course on Powell: “I have no intention of firing him.”
• Gold slid 2.6%, while Brent crude fell 2% to $66.05 per barrel.
• 10-year Treasury yield dipped to 4.38%, and the dollar hit an 8-day high vs. the yen.
• Tesla rose 6% despite a 71% profit drop, as Musk pledged to scale back White House duties.
• European and Asian markets mirrored Wall Street’s optimism, posting gains near 2%.
@CMEActiveTrader Tickers Of Interest: $ES $NQ $ZN $CL $GC
Tickers Of Interest: $SPY $QQQ $TSLA $BA $DXY $USD $FXI $GLD $XLI $XRT $TLT

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