Trump, European Union and Dow Jones industrial average
Digest more
Trump’s tariffs and the trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
US stocks suddenly leapt higher Tuesday, with prospects of a U.S.-EU trade deal setting up the pathway. The Dow Jones Industrial Average, S&P 500, and even Nasdaq shot up amid US President Donald Trump's decision to push back the implementation of whopping 50% tariffs.
European markets and U.S. futures jumped early Tuesday following a weekend trade truce between the E.U. and U.S. after Trump’s threat late last week to tack on 50% imports from the trading bloc.
Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys.
The S&P 500 closed near the flatline on Thursday, while the Dow Jones Industrial Average and Nasdaq Composite finished the session marginally lower.
Explore more
(Reuters) -U.S. stock index futures steadied on Thursday after a fall in the previous session, when Treasury yields surged, as investors worried President Donald Trump's tax and spending bill could sharply inflate the country's debt burden.