#MarketRebound
US Markets close higher but way off highs!
Dow Ended +400 pts higher vs +1100 pts at sessions high!
Reason Hopes that U.S.-China trade tensions could soon ease
Treasury Secretary Scott Bessent said that both countries have the chance to make "a big deal" on trade
Wall Street Journal reported that the
administration was considering reducing China tariffs to between 50% and 65%
Markets on Wednesday
#Dow Jones +1.07%
#Nasdaq +2.5%
S&P500 +1.67%
Big Winners!
Apple +2.4%
Nvidia +3.8%
Tesla +5.4%, after CEO Musk said time he spends on DOGE will drop 'significantly' next month
Other Assets
10-year Treasury yield at 4.37%
$ Dollar Index at 99.87
Brent Crude -1% at 66.1$/barrel, OPEC+ would consider accelerating its oil output increases in June
Bitcoin at 94285$
Precious Metals
Gold -3% at 3282$/ounce, as Trump comments on Fed and China boost risk sentiment
Silver +3% at $33.5/ounce
Stocks reacting in after hours session
IBM -6%. Posted better-than-anticipated
earnings but maintained its full-year guidance
Southwest Airlines -2%. Pulls annual guidance on tariff-driven economic uncertainty
What to track On Thursday?
Earnings Alphabet, Intel and PepsiCo
Economic data Durable goods orders & weekly jobless claims
