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Stocks jump on Trump's tariff pause

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The Associated Press |
U.S. stocks are surging on a euphoric Wall Street Wednesday after President Donald Trump said he would temporarily back off on some of his tariffs, as investors had desperately hoped he would.
Yahoo |
The global economy appeared to be in open rebellion against President Donald Trump's tariffs as they took effect Wednesday.
Reuters |
As hopes of concessions faded and tariffs on dozens of countries, including a massive 104% duties on Chinese goods, came into force, investors accelerated their exit from stocks and industrial commod...

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NEW YORK — U.S. stocks are surging on a euphoric Wall Street Wednesday after President Donald Trump said he would temporarily back off on some of his tariffs, as investors had desperately hoped he would.
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US stocks saw strong gains slip away and end lower. Reciprocal tariffs, as is, are set for just after midnight, dampening optimism for lower levies,
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IRA or brokerage account, is almost certainly in the red year-to-date after the precipitous stock plunge over the past week following President Trump’s announcement of his tariffs regime.
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Shares are up 22% year to date, compared to the S&P 500's decline of 15%. Investors should expect continued outperformance because the stock boasts a forward price-to-earnings (P/E) multiple of just 17, compared to the market average estimate of around 20. Shares currently boast an attractive dividend yield of 2.55%.
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