I think we knew a stock surge would be coming with the news that the U.S. and China had a big breakthrough in a trade deal that lowered tariffs for the next 90 days and set up continuing talks to work on long-lasting, positive changes to the trade relationship.
Fox Business’ Stuart Varney called it a “tsunami” of positive news driving the market. “Where do you start?” Varney said. “Very few were expecting tariff cuts as big, and investors “love it.”
🚨 “TSUNAMI OF POSITIVE NEWS” — Fox Business host Stuart Varney starts this hour as Dow surges 1,000 points: “Where do you start? We have a tsunami of positive news which investors just can’t get enough of…” pic.twitter.com/225mB5oSEH
— TV News Now (@TVNewsNow) May 12, 2025
Wall Street is on track for a banner day after the US and China put tariffs on pause for 90 days, as the scope of the…
