News Highlights: Top Global Markets News of the Day - Monday at 11 PM ET

Dow Jones
2025/05/13
 
Trade Thaw Sparks Stock Rally, Leaves Wall Street Cautious 
 

The Dow industrials added more than 1,100 points, or 2.8%, and the Nasdaq Composite entered a new bull market.

 
Trump's Disruptive Trade Agenda Is Giving Way to Scaled-Back Deals 
 

The president and his team have backed down from their sharp rhetoric as they search for trade deals that could lower tariffs.

 
CEOs Rush to Get Their Shipments From China While Trade Truce Lasts 
 

Business leaders welcome the 90-day reprieve but call for a longer-term trade deal.

 
Consumer prices likely rebounded in April as higher tariffs began to bite 
 

Consumer prices likely rebounded in April as the first bite to Americans' pocketbooks started to hit, economists say.

 
Trump Sends Message to World: He's Open for Business 
 

The president said he would be "stupid" not to accept the offer even as Democrats and others raise ethical concerns.

 
China Is Building Megaports in South America to Feed Its Need for Crops 
 

The trade war has heightened China's need to develop gateways to import the continent's soybeans, corn and other foodstuffs that are the only viable alternative supply to U.S. exports.

 
Short Squeeze Could Be Giving Stocks a Boost 
 

An increase in bearish bets against stocks could lift the market even further. Shorts may get squeezed and rush to cover their positions.

 
Zelensky Asks Trump to Join Ukraine Peace Talks 
 

The Ukrainian leader's move appears designed to ramp up pressure on Vladimir Putin.

 
Drugmakers Avoid Worst-Case Pricing Scenario for Now 
 

An executive order says if companies and the government don't align on tying U.S. drug prices to other countries, the administration will impose its own plan.

 
Republican Tax Plan Boosts SALT Deduction, Ends Green-Energy Breaks 
 

The proposal ends some taxes on tipped income and overtime pay and extends Trump's expiring 2017 tax cuts.

 
 

(END) Dow Jones Newswires

May 12, 2025 23:00 ET (03:00 GMT)

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