Top Investing Today
  • Investing
  • Politics
  • Stock
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Economy
  • Editor’s Pick
No Result
View All Result
Top Investing Today
No Result
View All Result
Home Editor's Pick

US stocks open in the green: Dow jumps over 100 points, Nasdaq up 0.6%

BoldThemes by BoldThemes
May 9, 2025
in Editor's Pick
0
US stocks open in the green: Dow jumps over 100 points, Nasdaq up 0.6%
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
AI generated image of traders looking at screen

US stocks edged higher on Friday as market sentiment improved following President Donald Trump’s comments suggesting progress on multiple trade agreements and a possible reduction in tariffs on Chinese goods ahead of key talks this weekend.

The Dow Jones Industrial Average rose 111 points, or 0.3%, while the S&P 500 gained 0.4% and the Nasdaq Composite advanced 0.6%.

Tech and trade-sensitive sectors led gains, building on momentum from Thursday’s announcement of a preliminary trade deal between the US and the UK.

“Many Trade Deals in the hopper, all good (GREAT!) ones!” Trump posted on Truth Social, reinforcing investor optimism that the UK agreement could pave the way for more pacts with other major economies.

The UK deal is the first announced since the US implemented its sweeping “reciprocal” tariffs policy last month, and the 10% rate agreed with Britain is being viewed as a potential benchmark for future deals.

Investors are now closely watching the upcoming US-China negotiations in Switzerland, which will mark the first formal meeting since tariffs between the two nations escalated.

Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet Chinese Vice Premier He Lifeng in what could be a crucial step toward easing bilateral trade tensions.

Week to date, the S&P 500 is flat, the Nasdaq is on track for a 0.3% gain, and the Dow is up 0.5%, positioning for a third straight positive week.

Trump on China tariffs

US President Donald Trump on Friday floated the idea of an 80% tariff on Chinese imports ahead of scheduled trade talks in Switzerland this weekend.

In a post on Truth Social, Trump said: “80% Tariff on China seems right! Up to Scott B,” referring to Treasury Secretary Scott Bessent, who is set to lead the US delegation alongside Trade Representative Jamieson Greer in talks with Chinese Vice Premier He Lifeng.

The proposed figure would mark a significant drop from the current 145% tariffs imposed by the US on various Chinese goods, though it would still be well above historical levels.

China has responded with its own set of retaliatory tariffs, exceeding 100%.

The comment comes just days after the US announced a trade agreement with the UK, which included a 10% baseline tariff, well below the rate Trump has suggested for China.

Earlier this week, the president reiterated that American consumers are prepared to face higher prices and reduced product variety if it helps shift manufacturing jobs back to the US.

Despite expressing openness to lowering tariffs in the future, Trump’s latest comments suggest that any compromise with China may remain elusive in the short term.

The post US stocks open in the green: Dow jumps over 100 points, Nasdaq up 0.6% appeared first on Invezz

Previous Post

India offers 9% tariff cut to fast-track $129 billion US trade deal

Next Post

OpenAI’s Sam Altman thanks Sen John Fetterman for ‘normalizing hoodies’

BoldThemes

BoldThemes

Next Post

OpenAI's Sam Altman thanks Sen John Fetterman for 'normalizing hoodies'

  • Trending
  • Comments
  • Latest
The Connectivity Standards Alliance Product Security Working Group Launches the IoT Device Security Specification 1.0

The Connectivity Standards Alliance Product Security Working Group Launches the IoT Device Security Specification 1.0

March 19, 2024
Israel says UN ‘deceiving’ world over aid delays to Gaza

Israel says UN ‘deceiving’ world over aid delays to Gaza

March 28, 2024
Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

February 6, 2024
Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

May 17, 2024
Confused by the Market? Let the Traffic Light Indicator Guide You

Confused by the Market? Let the Traffic Light Indicator Guide You

0
Amid growing criticism of Biden foreign policy, experts credit wins while leaving room for improvement

Amid growing criticism of Biden foreign policy, experts credit wins while leaving room for improvement

0
Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

0
Precision Manufacturing For Sensitive Equipment With CNC Machining

Precision Manufacturing For Sensitive Equipment With CNC Machining

0
Confused by the Market? Let the Traffic Light Indicator Guide You

Confused by the Market? Let the Traffic Light Indicator Guide You

May 9, 2025
The V Reversal is Impressive, but is it Enough?

The V Reversal is Impressive, but is it Enough?

May 9, 2025

Trump says 80% tariff on China ‘seems right’ ahead of weekend talks with Beijing

May 9, 2025

Pope Francis-era deal with Chinese Communist Party again under scrutiny as Pope Leo takes the reins

May 9, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Confused by the Market? Let the Traffic Light Indicator Guide You

    Confused by the Market? Let the Traffic Light Indicator Guide You

    May 9, 2025
    The V Reversal is Impressive, but is it Enough?

    The V Reversal is Impressive, but is it Enough?

    May 9, 2025

    Trump says 80% tariff on China ‘seems right’ ahead of weekend talks with Beijing

    May 9, 2025

    Pope Francis-era deal with Chinese Communist Party again under scrutiny as Pope Leo takes the reins

    May 9, 2025
    • About Us
    • Privacy Policy
    • Terms & Conditions
    • Contact

    Copyright © 2024 Topinvestingtoday.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Politics
    • Stock
    • Economy
    • Editor’s Pick

    Copyright © 2024 Topinvestingtoday.com. All Rights Reserved.