Wall Street ends sharply higher on Trump China comments; Broadcom surges
By Sukriti
Gupta and Noel
Randewich
Mon October 13, 2025 5:07 PM
The gains today were huge following Friday’s carnage in which Trump announced an additional 100% tariff on China. But today he announced that he was going to South Korea to meet with the Chinese leader to try and iron out differences and that’s all it took for the market to come back big time. Of course the real proof will be in the pudding. Will there be a new agreement after this meeting?
The same can also be said for the new peace agreement in Gaza. Will it hold? That’s why investors are particularly anxious about Q3 reporting starting tomorrow with the big banks and some new clues as to whether the tariffs are hurting the economy, particularly with the big crimp of no new government data. Today’s massive buying spree could also be attributed to just good old fashioned bargain hunting, buying on the dip. Volume came in at 18.2 billion, below the 20.2 billion average.
DJ: 45,479.60 -878,82 NAS: 22,204.43
-820.20 S&P: 6,552.51
-182.60 10/10
DJ: 46,067.58 +587.98 NAS: 22,694.61
+490.18 S&P: 6,654.72
+102.21 10/13
No comments:
Post a Comment