Stocks ended higher Monday, marking a partial bounce from Friday's steep selloff, after President Donald Trump said China wants to return to the negotiating table and that he was optimistic about prospects for a deal to end an escalating trade war. The Dow Jones Industrial Average [s djia] rose around 270 points, or 1.
1%, to end near 25,899, according to preliminary figures, while the S&P 500 SPX, +1.10% gained around 31 points, or 1.1%, to close near 2,878. The Nasdaq Composite COMP, +1.32% finished around 102 points higher at 7,854, up 1.3%. Stocks tumbled sharply on Friday after China imposed retaliatory tariffs on $75 billion of imports from the U.S., prompting an angry response from Trump, who followed up after the market closed with additional tariff increases on Chinese products.
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Socialists always talk of the greed and unfairness of free market capitalism. You first have to actually have it before you can criticize it.
Which is it? Friday with the Twitter rant, he was pessimistic. Now he is optimistic? Stock traders have to be the dumbest people on earth. 🤦🏼♂️
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