The Dow is up over 400 points today as of noon after the Trump administration delayed the enforcement of a 10% import tariff on certain electronics, toys, and clothing items. This trade war pullback resulted from an earlier call between the US and Chinese trade officials. The 10% tariff on $300 billion worth of goods has been delayed until December 15th. The announcement has sparked optimism for trade war tensions and market stability.
This tariff delay provided the market with a much-needed bounce back after a stretch of red days last week. Stocks like Apple, Boeing, sand Caterpillar have seen a great jump today with this delay inciting hope in a future resolution between the US and China. The trade war remains heavily influential for the current state of the market, and we will continue to update you on the latest news.