Stocks are rising sharply for the third day in a row, hoping for tariff progress
- The stock market rose for the third day in a row As companies reported solid revenues amidst investors hoping to deter the US trade standoffs with China.
The stock market closed Thursday, supported by hopes of cooling in the US-China trade war after Trump administration officials painted a picture of progress earlier this week.
The S&P 500 won 2%. The Dow rose to 1.2% (486 points), but is more technological Nasdaq Closed 2.7%.
The rally began earlier this week after President Donald Trump eased his stance on Federal Reserve Chairman Jerome Powell. Treasury Secretary Scott Bescent reportedly proposed “emission removal” with China and provided a rosy photograph of a potential trade deal. Over 100 countries came to the table to negotiate the deal, Bescent said. Public speech At the Institute of International Finance.
On the other hand, many companies do Stronger than expected report They are making money despite warnings of economic turbulence first.
American Airlines and Southwest reported strong profits on Thursday, sending their stocks high even as America pulled guidance for the year due to uncertain outlook. Toys Company Hasbro The winner rose 15% after reporting the growth that will occur due to it Coast Wizard segment.
The Treasury yields have declined, with the Treasury yields falling from 4.40% to 4.30% in 2010.
This story was originally introduced Fortune.com