The recent agreement between the US and China to pause tariffs has significantly impacted stock markets, leading to an overall rise in shares.
Market Reaction to the Agreement
The 90-day pause on tariffs announced by the two largest economies in the world generated enthusiasm on financial markets. This development altered market sentiment and rekindled hopes for new record highs.
Rise of Major Company Stocks
Ahead of the market opening, stocks of companies like Tesla and Amazon showed significant gains. Tesla surged 7.6% in the pre-market session, while Amazon jumped 7% at market open. NVIDIA and Meta also saw gains, indicating positive trends among major market players.
Conclusion and Global Market Impact
The agreement between the US and China not only supports stocks on Wall Street but also impacts global financial markets. The situation in Asia has also improved, reflecting overall optimism and potential resolution of trade conflicts in the region.
The US-China tariff agreement marks an important step that significantly influences stock and global markets, highlighting the need for international cooperation.
