Wednesday's session at Wall Street, April 23, 2025, ended with light ups of all the main indexes.
Dow Jones Industrial ended the day with a result of 1.07 percent. In the plus, S&P 500 increased by 1.67 percent during the day, and the technological NASDAQ increased its valuation by 2.5 percent.
It should be noted, however, that the above results are far from the maximes we recorded during the day. During the day there were moments when both Jones Industrial and the S&P 500 index gained over 3 percent.
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Investors' enthusiasm was powered by news from the White House. Yesterday Donald Trump announced that he was inclined to me with a confrontational approach to commercial conversations with China. He also noted that customs rates for the Middle Kingdom – 145 percent – are “very high“and that for sure”they will not be that high“.
“No, they won't even be close to this level. Will fall significantly. But it won't be zero” – informed the US president.
Today, the Secretary of Treasury Scott Bessent hit a similar tone. He informed that there was a chance to conclude a “great contract” on trade between the US and China.
“If they want to restore balance, let's do it together” – he said.
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The daily The Wall Street Journal, also today, published an article in which he reported that the trade war with China was entering the stage of “de -escalation”. He informed, citing the White House official, that the administration was considering lowering the duties to China to a level from 50 to 65 percent. Further much, but much less than the aforementioned 145 percent.
Information was also a relief for investors, also from Donald Trump, that he changed his mind and “does not intend to” release from the position of the President of the Council of Governors of the Federal Reserve System, Jerome Powell.
