Stocks and Bonds Climb After Week of Upheaval: Markets Wrap
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A degree of calm returned to Wall Street, with stocks and bonds notching a twin rally after a tumultuous week in the grip of President Donald Trump’s disruptive trade war.
With the White House signaling a tariff reprieve on key consumer electronics, the S&P 500 gained almost 1%. Apple Inc. extended a two-day surge to more than 6% to lead gains in megacaps. Carmakers rallied as Trump floated exceptions for auto parts facing 25% US levies. Treasuries snapped a five-day slide that drove 10-year yields up by the most in over two decades.