#Tariffs:
#WallStreet’s wild ride continued on Wednesday, with the S&P 500, Nasdaq, and
#DowJones all starting the day with healthy gains. The green opening follows overnight fears the market was headed for a catastrophic morning. after President
#Trump officially slapped a new 104% tariff on
#China.
President Trump urged Americans to “BE COOL!” on Truth Social as markets opened on Wednesday, saying “everything is going to work out well. The USA will be bigger and better than ever before!”
He then added moments later “THIS IS A GREAT TIME TO BUY,” followed by three exclamation points.
Some investors clearly felt the same way, with the S&P 500 jumping 1.12%, the Dow Jones rising 0.74%, and the tech-heavy Nasdaq increasing 2.05% after a half-hour of trading.
Wednesday’s early trading action comes after the president placed a 104% tariff on China at 12:01 a.m. ET on Wednesday, along with stiff tariffs on more than 180 other countries.
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