BRETA: hopes of tariff delay
We’ve just seen a wild few minutes in the financial markets, following a confusing report about a possible delay to Trump’s tariffs.
After plunging in early trading, Wall Street surged into positive territory. A few minutes ago the S&P 500 index was UP by 1.76% at 5,163 points, a gain of 89 points. However, that rally has now petered out again.
The Dow Jones industrial average jumped too – it was briefly up 1.44%, or 551 points, at 38,866 points, having been DOWN over 1,000 points in early trading.