{"id":300175,"date":"2025-10-13T14:56:10","date_gmt":"2025-10-13T14:56:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/300175\/"},"modified":"2025-10-13T14:56:10","modified_gmt":"2025-10-13T14:56:10","slug":"wall-street-rallies-to-recover-some-of-fridays-sell-off-after-trump-softens-his-criticism-of-china-stock-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/300175\/","title":{"rendered":"Wall Street rallies to recover some of Friday’s sell-off after Trump softens his criticism of China | Stock Market"},"content":{"rendered":"

NEW YORK (AP) \u2014 And back up goes Wall Street. U.S. stocks are rallying Monday after President Donald Trump said \u201c it will all be fine<\/a>,\u201d just days after he sent the market reeling<\/a> by threatening much higher tariffs on China<\/a>.<\/p>\n

The S&P 500 jumped 1.4% to recover roughly half of its drop from Friday, which was its worst since April. The Dow Jones Industrial Average was up 473 points, or 1%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 2% higher.<\/p>\n

\u201cDon\u2019t worry about China,\u201d Trump said on his social media platform Sunday. He also said that China\u2019s leader, Xi Jinping, \u201cdoesn\u2019t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!\u201d<\/p>\n

It was a sharp turnaround from the anger Trump displayed on Friday, when he accused China of \u201c a moral disgrace<\/a> in dealing with other Nations.” He pointed to \u201can extremely hostile letter\u201d describing curbs to China’s exports of rare earths<\/a>, which are materials used in the manufacturing of everything from personal electronics to jet engines. Trump said at the time that he may place an additional 100% tax on imports from China starting on Nov. 1.<\/p>\n

For its part, China urged the United States<\/a> to resolve differences through negotiations instead of threats. \u201cWe do not want a tariff war but we are not afraid of one,” the Commerce Ministry said in a statement posted online.<\/p>\n

Hours later, Trump posted his less confrontational talk about China on Truth Social. The backtrack in anger, which also came before trading began on Wall Street, raised hopes that the world\u2019s two largest economies may find a working relationship that allows global trade to continue.<\/p>\n

The market\u2019s big moves bracketing the weekend echo its manic swings<\/a> in April<\/a>. That’s when Trump shocked investors with his \u201cLiberation Day\u201d announcement of worldwide tariffs, only to eventually relent on many<\/a> to give time to negotiate trade deals with other countries.<\/p>\n

If this time ends up similarly, with trade tensions and uncertainty subsiding, potentially even after a sharp drop for stock prices, conditions could allow for a rolling recovery to continue into 2026, according to Morgan Stanley strategists led by Michael Wilson.<\/p>\n

To be sure, the U.S. stock market may have been primed for a drop and was perhaps just looking for a potential trigger.<\/p>\n

It was already facing criticism that prices had shot too high following the S&P 500\u2019s nearly relentless 35% run from a low in April. The index, which dictates the movements for many 401(k) accounts, is still near its all-time high<\/a> set last week.<\/p>\n

Not only did Trump’s backdown from tariffs in April help launch stock prices, so did expectations for several cuts to interest rates by the Federal Reserve to help the economy.<\/p>\n

Critics say the market looks too expensive<\/a> now after prices rose much faster than corporate profits. Worries are particularly high about companies in the artificial-intelligence industry<\/a>, where pessimists hear echoes of the 2000 dot-com bubble that imploded. For stocks to look less expensive, either their prices need to fall, or companies\u2019 profits need to rise.<\/p>\n

That\u2019s raising the stakes in the upcoming earnings reporting season for U.S. companies, which are set to say how much profit they made during the summer. JPMorgan Chase, Johnson & Johnson and United Airlines are some of the big names on the calendar this upcoming week.<\/p>\n

Fastenal tumbled 3.8% after the maker of fasteners and safety supplies reported on Monday a profit for the latest quarter that was slightly weaker than analysts expected.<\/p>\n

At Bank of America, strategist Savita Subramanian is optimistic that companies across the S&P 500 can deliver a bigger overall profit than analysts expected. Besides reports showing a resilient U.S. economy, she also pointed to the benefits of the U.S. dollar’s weakening against other currencies for big U.S. companies, which increases the value of their sales made overseas, in a BofA Global Research report.<\/p>\n

In stock markets abroad, indexes edged up in Europe following losses in Asia, which had their first opportunity to react to Trump’s initial threat from Friday of additional tariffs on China.<\/p>\n

Stocks fell 1.5% in Hong Kong and 0.2% in Shanghai. China reported<\/a> its global exports rose 8.3% in September from a year earlier, the strongest growth in six months and further evidence that its manufacturers are shifting sales from the United States to other markets.<\/p>\n

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.<\/p>\n

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Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (AP) \u2014 And back up goes Wall Street. U.S. stocks are rallying Monday after President Donald…\n","protected":false},"author":3,"featured_media":300176,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,64,12042,10102,439,57,86,13790,19548,405,403,5226,5225,5228,5227,48567,16266,152780,67,586,132,5230,68,2969,93,107],"class_list":{"0":"post-300175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-business","10":"tag-economic-policy","11":"tag-energy-industry","12":"tag-financial-markets","13":"tag-general-news","14":"tag-government-policy","15":"tag-international-trade","16":"tag-manufacturing-sector","17":"tag-new-york","18":"tag-new-york-city","19":"tag-newyork","20":"tag-newyorkcity","21":"tag-ny","22":"tag-nyc","23":"tag-semiconductor-manufacturing","24":"tag-stocks-and-bonds","25":"tag-stocks-markets-rates-china-trump","26":"tag-united-states","27":"tag-united-states-of-america","28":"tag-unitedstates","29":"tag-unitedstatesofamerica","30":"tag-us","31":"tag-usa","32":"tag-washington-news","33":"tag-world-news"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/300175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=300175"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/300175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/300176"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=300175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=300175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=300175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}