As the ongoing tariff wars continue, markets are showing signs of recovery with gains from the Dow Jones and S&P 500, while the Nasdaq remains volatile. Prominent tech companies, part of the Magnificent Seven, are set to report earnings soon, which adds to market anticipation. U.S. Treasury Secretary Bessent emphasized that the duty to de-escalate trade tensions lies with China. Analysts believe a weak U.S. dollar could enhance U.S. earnings, invigorating the stock market further and suggesting a potential compromise may be on the horizon for tariff-related issues.
U.S. Treasury Secretary Bessent stated that the ball is in China's court regarding trade tensions, emphasizing the need for de-escalation between Beijing and Washington.
Michael Wilson from Morgan Stanley highlighted that a weak U.S. dollar could boost U.S. earnings, positioning the stock market for potential gains.
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