Market

Wall Street Recovers from Steep Losses Amid Trade War Developments

Wall Street Sees Partial Recovery After Volatile Day

In a day marked by significant fluctuations, major stock exchanges in Wall Street managed to erase some of their losses by the close on Tuesday. The Dow Jones Industrial Average experienced a notable slide, dropping 1.14% or 478 points, while the Nasdaq 100 and the S&P 500 also saw declines of 0.28% and 0.76%, respectively.

US-Canada Trade War Tensions Show Signs of Easing

Amid escalating trade tensions, the United States and Canada engaged in discussions that hinted at a potential halt to the ongoing trade war. This development comes as both countries contemplated imposing additional tariffs on each other, raising concerns among investors and market analysts.

US-Ukraine Talks Yield Positive Outcomes

In another significant development, the US-Ukraine talks resulted in a promising agreement, with Ukraine agreeing to a potential 30-day ceasefire. The international community is now keenly awaiting Russia's response to this development, which could have far-reaching implications for regional stability and global markets.

The euro showed strength against the dollar, trading 0.80% higher at 3:59 pm ET, with a selling price of 1.09209. As the situation unfolds, more updates are expected to emerge, shedding light on the future trajectory of these critical negotiations and their impact on global markets.