CNN reporter Vanessa Yurkevich and “CNN News Central” host Boris Sanchez expressed shock on a “notable” turnaround on Wall Street on Wednesday, bringing stocks to record close.
Standard and Poor’s 500 (S&P 500) Closed 0.02 points finished at 6092.16, approaching close on previous records from February. Yurkevich told the strategist at Sanchez One Wall Street that he told the recovery would normally be taken after recovering following S&P’s Trump’s “liberation day” tariffs. (Related: “Are you kidding me?”: CNN’s Harry Enten Gobsmack is that GOP cuts dems to the economy)
“S&P can flirt with the last one in February by flirting with a new record all day,” says Yurkevich. “But in April we dropped $9.8 trillion with a low S&P, and entered the territory of the bare market, and now we’ve recovered all our losses and just look at the market. We can see the Dow. [Jones Industrial Average]on-screen S&P and Nasdaq. ”
Dow Closed 106.59 points and finished at 42,982.43; Nasdaq It closed 61.02 points at 19,973.55.
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“That dramatic V-shaped drop, and then the recovery, I was talking to CFRA chief investment strategist Sam Stoval. “It happened half the time, so it’s really amazing and essentially an investor. What they saw is that after a 90-day suspension of mutual tariffs, after China’s tariff rate fell from 145% to 30%, the fear of the recession was taken from the table and they really believe that some of these tariffs have more to do than chew.”
“And Boris, recently the Middle East conflict between Iran and Israel,” Yurkevich continued. “Well, what happened over the weekend was that the US had taken out Iran’s nuclear site, so Wall Street woke up on Monday morning, and they were relieved and investors were relieved, so we saw a bit of relief rally happening today.
Trump announced a mutual tariff suspension via April 9th post Also about the true society that announced a significant increase in tariffs on exports to China. Trump later announced that tariffs on Chinese goods would be reduced after negotiations in Geneva. (Related: “Black Lie”: Karoline Leavitt skewers CNN after forces the network to raise a white flag and issue an amendment)
The United States attacked facilities in Fordou, Natanz and Isfahan. In conjunction with Iran’s efforts to develop early Sunday mornings and early morning local time, it used 14 GBU-57 large weapon intruders, including a 37-hour flight with seven B-2A spirit bombers. The US launched a military operation targeting Iran’s nuclear program on June 12, attacking nuclear facilities and brokering a ceasefire between Israel and Iran on Monday after targeting top nuclear scientists and military commanders of the priesthood regime.
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