‘Buy America’ Sweeps Across Global Markets After Trade Talks
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With Wall Street embracing another rally, some financial markets are trading like Donald Trump’s “Liberation Day” shock never happened.
The S&P 500 jumped 3.3%, and the Nasdaq 100 Index pushed back into a bull market. The dollar rose over 1% for its best one-day move since Nov. 6, in the immediate wake of Trump’s victory in the presidential election. Treasuries fell, while traders pared back their expectations for US interest-rate cuts this year.