Wall Street rises, focus shifts to US-China trade talks

Wall Street’s main indexes have risen for three consecutive days as investors reacted to President Trump’s comments on tariffs with China ahead of a crucial meeting this weekend. Trump suggested an 80% tariff, currently at 145%, which analysts like Thomas Hayes believe will lead to more reasonable negotiations over time. While the S&P 500 and Nasdaq are near levels from late March, about 76% of S&P 500 companies exceeded profit expectations, although many have pulled annual forecasts due to trade uncertainties; notable stock movements included Expedia’s 8.8% drop and Trade Desk’s 23.2% surge.

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