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Stock market today: Wall Street rebounds after Trump pulls back on some of his tariffs

U.S. stocks climbed Wednesday after President Donald Trump pulled back on some of his tariffs temporarily. The move revived hope on Wall Street that Trump may avoid a worst-case trade war that grinds down economies and sends inflation higher.
The article from MSN Money discusses the U.S. stock market's reaction to former President Donald Trump's decision to reconsider some of his proposed tariffs. Following Trump's announcement, Wall Street experienced a rebound with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all posting gains. The market had initially reacted negatively to the tariff threats due to fears of escalating trade wars, which could lead to higher costs for businesses and consumers, and potentially slow down economic growth. However, the partial rollback of these tariffs provided relief to investors, leading to a surge in stock prices. Sectors particularly sensitive to trade issues, such as technology and manufacturing, saw significant recoveries. The article also notes that while the immediate market response was positive, there remains uncertainty about future trade policies and their long-term impact on the economy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/stock-market-today-wall-street-rebounds-after-trump-pulls-back-on-some-of-his-tariffs/ar-AA1AgsUZ ]