Wall Street saw a sharp rise in indexes. This happened after the US and China agreed to temporarily reduce tariffs. The S&P 500 reached its highest level since early March. Investors are hopeful that this will ease the global trade war. The Dow, S&P 500, and Nasdaq all experienced significant gains. Safe-haven gold saw a fall.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.