Tariff Rift with China Deescalates
U.S. equities advanced last week with the S&P 500 and Nasdaq Composite posting their second-best weekly performances of the year. The week started amid stark losses on Monday as trade tensions intensified with China, but investor angst improved along a de-escalation theme from President Trump. Gains ramped up following reports that China is considering suspending its 125% tariff on selected American goods. The surge in large caps sent the S&P 500 to cap a 7.1% four-day rally, its longest consecutive advance since January.
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