U.S.-China Trade Truce Seen Boosting U.S. Stock Market
But the stock market's recent wild gyrations likely will persist
The truce in the trade dispute between the U.S. and China should boost rattled financial markets, at least through the year's end, experts say. But the stock market's recent wild gyrations likely will persist as the two countries strain to reach a permanent accord.
"The all-clear sign hasn't flashed yet but it's certainly positive news," says Mike Loewengart, vice president of investment strategy at E-Trade.
The U.S. was set to raise tariffs on $200 billion in Chinese goods on Jan. 1. President Donald Trump agreed Saturday in a meeting in Buenos Aires with Chinese Leader Xi Jinping at the G-20 summit to hold off for 90 days while the two sides try to settle their differences.
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