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US stocks dip as tariffs and oil prices shake markets
Jun 2, 2025

US stocks dip as tariffs and oil prices shake markets

US stocks drift as steel tariffs weigh on automakers, while steel and oil stocks jump, with the S&P 500 down 0.1% and Dow dropping 218 points.

Trader Americo Brunetti works on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)
May 12, 2025

Dow jumps 900 and S&P 500 climbs 2.4% following a 90-day truce in the US-China trade war

U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down most of its tariffs against the other, which economists warned could start a recession and create shortages on U.S. store shelves.

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