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"Trade deal hopes are key to the market's rebound. A new trade deal with the United Kingdom goes into effect today..."
A new trade agreement between the US and UK commenced today, maintaining a 10% tariff on UK goods while reducing tariffs on select products. This has reinvigorated investor confidence, contributing to the S&P 500’s strong performance, reaching a record high of 566.95. Anticipated partnerships with Canada, which plans to eliminate a digital services tax on US technology firms, as well as ongoing negotiations with other nations, are crucial for sustaining market optimism. Analysts have also given positive ratings to major companies like Disney and Oracle, further propelling market enthusiasm.
Read at 24/7 Wall St.
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