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Stocks Climb in Risk-On Day While Bonds Decline: Markets Wrap

Dimon says ‘storm clouds’ over the US economy may dissipate
Euro gains as Lagarde says ECB likely to end negative rates

Bloomberg business news — We May Not Have Reached a Bottom, Says JPM's StubbsSource: Bloomberg

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May 22, 2022, 9:42 PM UTCUpdated onMay 23, 2022, 8:32 PM UTC

Stocks rose after President Joe Biden signaled he’d reconsider China tariffs imposed by the Trump administration. The dollar and bonds fell.

Big banks led gains in the S&P 500 after JPMorgan Chase & Co.’s chief Jamie Dimon said “storm clouds” over the US economy may dissipate. The euro climbed after European Central Bank Chief Christine Lagarde said higher interest rates are coming in July.