Crypto Soars: U.S.-China Trade Peace Sparks Market Rally!

U.S. Stocks Rebound on Hopes of U.S.-China Trade Relief

U.S. stocks soared on Tuesday, recovering from Monday’s sharp decline.Investors were optimistic about easing trade tensions between the U.S. and China. The Dow Jones Industrial Average jumped by 1,009 points, or 2.7%.the S&P 500 and Nasdaq Composite also saw gains of 2.4% and 2.5%, respectively.

This rally was sparked by Treasury Secretary Scott Bessent’s remarks. He told investors that the ongoing trade conflict is “unsustainable” and hinted at a possible “de-escalation.” Bessent made these comments during a JPMorgan event, as reported by Bloomberg.He suggested that the current trade standoff isn’t viable long-term. However, he warned that formal trade talks haven’t started yet and a deal could take years. “we need a sustainable solution,” bessent emphasized.

Despite the positive sentiment, stocks dipped later as Bessent cautioned about the lengthy negotiation process. This volatility reflects investors’ uncertainty about U.S. trade policies, especially with India.

China-related stocks also benefited, with the iShares China Large-Cap ETF and iShares MSCI China ETF each rising about 3%. Tesla shares climbed 5% ahead of its earnings report.

The crypto market also saw growth. The global market cap reached $2.85T, a 4.30% increase. Bitcoin traded at $91,340, according to crypto.news data.