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Stock markets rally as reports suggest a softer stance on trade tariffs
Wall Street breathes a sigh of relief as U.S. stock futures surge following reports that President Donald Trump is set to narrow the scope of planned tariffs.
Initially, the administration had signaled a broad set of reciprocal tariffs targeting multiple trading partners. However, fresh reports suggest that these measures will be more limited than previously expected—easing investor concerns about an escalating trade war.
Market reaction was swift and positive. Futures tied to the Dow Jones Industrial Average climbed 0.72%, while S&P 500 futures gained 0.94%. Meanwhile, the tech-focused Nasdaq 100 saw an even stronger jump, rising 1.14% as optimism spread across financial markets.
Despite the upbeat market sentiment, international leaders remain cautious. Officials in China and Australia have issued warnings that shifts in U.S. trade policy could still pose risks to global economic stability.
In the cryptocurrency world, speculation is also running high. On Sunday, Michael Saylor, co-founder of Strategy, shared a Bitcoin chart on X (formerly Twitter), hinting that he may be considering another major purchase of the digital asset.
As markets continue to digest these developments, investors will be watching closely for any further updates from the White House. With volatility on the rise, all eyes remain on how these policy shifts could shape the broader financial landscape.
