Wall Street gains on tariff relief, strong GDP data

Major US stock indices opened higher on Thursday on cooling of geopolitical tensions after President Donald Trump dialed back his tariffs threat on European nations over Greenland acquisition. The market sentiments were also boosted by latest US economy data for third quarter. The inflation-adjusted gross domestic product (GDP), which measures the value of goods and…

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Market selloff a message for Trump, says JPMorgan CIO as US equities see worst day in three months

JPMorgan Asset Management’s Bob Michele said the selloff in markets is a message to President Donald Trump’s administration to take action to restore calm as officials did after Liberation Day tariffs rattled investors last year. “Things are a bit chaotic and the markets do feel a bit panicked,” said Michele, chief investment officer and global…

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