Wall Street hits records on hopes tariffs will be dropped

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U.S. stock indexes jumped to new highs on Thursday, and Treasury yields rose, on...

opened lower then reversed after Trump's statement, which comes just before tariffs are due to go into effect on Sunday. The indexes had slipped from record levels two weeks ago.

The Wall Street Journal reported U.S. negotiators have offered to slash existing tariffs by as much as half on roughly $360 billion of Chinese-made goods, supporting the bounce.** The S&P 500 briefly rose more than one percent to hit a record intraday high of 3,176.28 and was last up 0.87%. ** MSCI’s all-country world index .MIWD00000PUS, tracking shares in 49 countries climbed to 551.84 points to surpass the previous record of 550.63 points set in Jan 2018.

** The yield on the U.S. 10-year Treasury note US10YT=RR rose to a four-week high and was last at 1.8974%, up from 1.79% late on Wednesday.

 

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Traitor Trump manipulating the stock market

Wall St falls for Trump's tariff tweets as consistently as Charlie Brown falls for Lucy's football.

Drop? Why? Is that one of WS' Xmas wish?

I can’t believe Wall Street is still buying trumps b.s.

Can they perpetuately be played? OH. YES....

Why do we continue gambling via stock exchanges when at every juncture in history it crashes and causes massive suffering and trauma?

No chance unless Ivanka gets more Chinese Patents! ThursdayMotivation ImpeachAndConvict impeachmentDebate BTSisoverparty

Only Trump insiders know what he will do. I’m sure their trading is making the most of that insider knowledge. Everything about the regime is corrupt to its core.

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