Stock Market

Global stock markets are soaring in the wake of the trade truce between the U.S. and China.

Stocks surged early Monday following news that the U.S. and China had agreed to a 90-day pause in their ongoing trade conflict.

Stocks surged after U.S. and Chinese officials said they agreed to temporarily suspend most of the tariffs they have imposed on each other, the latest sign that trade policy announcements are the main driver of market movements since President Trump returned to office.

On the eve of his inauguration on Jan. 19, Donald Trump took a bow for the then surging stock market.

“Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect. It’s you. You’re the effect. Since the election, the stock market has surged,” Trump said.

Trump rings the opening bell on the trading floor of the New York Stock Exchange on Dec. 12, 2024, in New York City. Photo by Spencer Platt/Getty Images.

U.S. stocks opened higher Wednesday after President Donald Trump signaled a softer stance toward the eye-watering tariffs he had set for China, while also stating he would not make an immediate change in leadership at the Federal Reserve.

Investors were also cheered by Elon Musk's imminent return to a more full-time focus on Tesla, dialing back his controversial stint as a Trump White House adviser to one to two days a week.

Technology stocks declined Wednesday, led by a 6% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump's sweeping tariff plans could hamper demand and growth.

Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said that the government will require a license to ship the chips there and other destinations.

U.S. stocks are diving Thursday and surrendering much of their historic gains from the day before as President Donald Trump’s trade war continues to confuse and threaten the economy, even if its temperature has cooled a bit.

The S&P 500 was down 5% in midday trading, slicing into Wednesday’s surge of 9.5% following Trump’s decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average was down 1,724 points, or 4.2%, as of 12:40 p.m. Eastern time, and the Nasdaq composite was 5.7% lower.

During the first two turbulent months of President Donald Trump’s term, the White House has shrugged off scrutiny of its most controversial policies with a simple assertion: The American people voted for this.

Now, Trump allies and GOP voters spooked by the tariff-induced market crash are beginning to respond en masse: No, we didn’t.

Newsmax's stock broke records for initial public offerings in its first week of trading, becoming the first Regulation A+ offering to go directly to the NYSE's Big Board – while captivating the markets with a dizzying valuation.

After trading began Monday just before 11 a.m. ET, Newsmax (NMAX) soon found itself with a share price of $44.30 and a market capitalization of $4.18 billion.

The New York Times marveled that Newsmax's spectacular rise briefly put it at a richer valuation than U.S. Steel...

For the last decade, the media, Democrats, and Never Trump Republicans have denounced Trump as a tool of the rich and of Wall Street. Trump’s populism was fake, they said. He doesn’t really care about the working class. He just cares about himself and his Wall Street buddies.

Trump’s tariffs and Wall Street’s reaction to them prove that all of that was a lie, says Batya Ungar-Sargon, the author of two important recent books, one about the media (Bad News) and the other about the working class (Second Class).