U.S. stock indexes jumped to new highs on Thursday, and Treasury yields rose, on...
opened lower then reversed after Trump's statement, which comes just before tariffs are due to go into effect on Sunday. The indexes had slipped from record levels two weeks ago.
The Wall Street Journal reported U.S. negotiators have offered to slash existing tariffs by as much as half on roughly $360 billion of Chinese-made goods, supporting the bounce.** The S&P 500 briefly rose more than one percent to hit a record intraday high of 3,176.28 and was last up 0.87%. ** MSCI’s all-country world index .MIWD00000PUS, tracking shares in 49 countries climbed to 551.84 points to surpass the previous record of 550.63 points set in Jan 2018.
** The yield on the U.S. 10-year Treasury note US10YT=RR rose to a four-week high and was last at 1.8974%, up from 1.79% late on Wednesday.
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