Market Overview - The market experienced a "doover," recovering from a market-killing event within days, a rare occurrence on Wall Street [1] - Following a threat of 100% tariffs on Chinese goods, the market rebounded after reassurances of improved relations, with the Dow gaining 588 points, S&P climbing 156%, and NASDAQ jumping 221% [2] - Despite the rally, the market did not fully recover, with the most speculative stocks showing the strongest rebound [2] Trade Relations and Tariffs - The US president considered raising tariffs on China to 100% in response to China tightening the supply of rare earth minerals [3] - China's total exports to destinations other than the US grew nearly 15%, while exports to the US plunged 27% [4] - China's total exports in September rose 8%, the highest of the year, suggesting a potential adaptation to reduced trade with the US [4] - The US president softened his rhetoric on China, stating "Don't worry about China It'll all be fine," leading to a market snapback [5][6]
China is learning to live without us, says Jim Cramer
CNBC Televisionยท2025-10-13 23:58