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Fortune
Fortune
Ben Weiss

S&P 500, Nasdaq hit record highs as markets rebound from April's tariff despair

(Credit: MANDEL NGAN—AFP/Getty Images)
  • The S&P 500 and Nasdaq both hit all-time highs late Friday morning after President Donald Trump said that the U.S. had signed a new trade deal with China.

Just two months ago, the markets seemed to be in crisis as investors despaired over the effects of President Donald Trump’s sweeping set of tariffs. Now, the markets are jubilant.

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