Stock Market Newsยท2025-10-29 18:00Group 1: Trade Agreements and Market Reactions - President Trump announced a "pretty much finalized" trade deal with South Korea, involving $350 billion in investments to the U.S., with tariffs on South Korean imports decreasing from 25% to 15% [2] - The market reacted positively to the South Korea deal, although specific immediate percentage gains on Asian indices were not available [2] - The U.S.-China trade relationship remains volatile, with Trump expressing optimism about a potential deal with China, suggesting a reduction in tariffs in exchange for cooperation on fentanyl precursor chemicals [8] Group 2: Market Volatility and Stock Performance - Following Trump's announcement of a 100% tariff on Chinese exports, the Dow Jones Industrial Average fell by 878.82 points (1.90%), and the S&P 500 dropped by 2.71%, resulting in a loss of $1.5 trillion in market value [3] - The market rebounded shortly after, with the S&P 500 rising by 1.6% and the Dow Jones climbing by 1.3% due to Trump's softened tone on China [4] - Trump Media & Technology Group (DJT), the parent company of Truth Social, saw its stock rise over 6% after announcing plans to enter the prediction markets business [5] Group 3: Stock Predictions and Analyst Sentiment - DJT's stock has experienced significant volatility, with a beta coefficient of 1.67 and a 52-week low of $15.40, with some analysts predicting a further drop to $9.15 per share by late November 2025 [6] - Analysts have coined the term "TACO" (Trump Always Chickens Out) to describe Trump's tendency to retract tariff threats, reflecting the market's sensitivity to his statements [4][10] - The market's reaction to Trump's statements indicates a reliance on his confidence, as seen with Nvidia shares rising following positive comments from its CEO regarding Trump's trade negotiation abilities [10]