Nasdaq 100 Enters Bull Market After US-China Truce: Markets Wrap

Wall Street’s bets that the US-China trade truce marked the end to an all-out tariff war drove the S&P 500 up over 3%, while sinking defensive corners of the market from bonds to gold and haven currencies. The dollar climbed the most since its November post-election rally.

The rebound in risk appetite and diminished expectations of a recession drove the stock benchmark above President Donald Trump’s April 2 “Liberation Day” level. A surge in big techs put the Nasdaq 100 back into a bull market just about a month after it plunged 20% from a previous record. ...