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Stocks Rally After US, China Reach Temporary Deal on Trade, Tariffs

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    Posted by Two Blokes May 12 - Filed in General - #TwoBlokesTrading  - 10 views
    A rebound in risk appetite due to a reprieve in the US-China trade war led to a rally in stocks, with the S&P 500 jumping 2.5% and the Nasdaq 100 rising 3.2%. The temporary lowering of tariffs between the US and China has given the countries time to negotiate a more comprehensive trade deal, boosting market sentiment and driving short-term yields higher.