JUST IN: 🇺🇸🇨🇳 President Trump says he could move up China's 100% tariff deadline from November 1st. https://t.co/h1A3LQER0e ...

Market Performance - Wall Street showed resilience against credit concerns, with large-cap indices posting slight gains, setting up for a positive weekly close [1] - The S&P 500 rose 0.2% to 6,650 points, nearly erasing previous losses, while the Nasdaq 100 and Dow Jones both increased by 0.3% [2] - Financials and bank stocks rebounded after a significant drop, with the SPDR Regional Banking ETF climbing 1.1% and the Financials Select Sector SPDR Fund adding 0.5% [2] Company Highlights - American Express Co. (AXP) was the top gainer of the day, with shares increasing by 6.2% due to stronger-than-expected earnings and positive guidance [3] - Oracle Corp. (ORCL) experienced a decline of over 6% after announcing ambitious growth targets for its AI cloud division, which raised skepticism among analysts [4] - Interactive Brokers Group, Inc. (IBKR) saw a decrease of 3.1%, while CSX Corporation and Truist Financial Corporation increased by 2.8% and 3.4%, respectively [9] Commodity and Crypto Markets - Gold prices fell by 3% to $4,200 per ounce, while silver dropped 5.9% to $50.90 amid profit-taking [4] - In the crypto market, Bitcoin decreased by 1.6% to $106,000, marking its fourth consecutive session of losses, and Ethereum fell by 2.5% to $3,800 [5]

The buy the dip trade is getting its biggest test yet. Markets are bouncing back after a steep sell-off sparked by renewed trade tensions with China, helped by a strong start to earnings season and steady comments from Fed chair Jerome Pal. Since the April tariff lows, retail traders have been quick to scoop up every single sell-off.It's really been the hallmark of this rally to record highs, but strategists warn investors may be pushing their luck. City says the real test is how much risk investors are wil ...

💥BREAKING:🇺🇸 🇨🇳 President Trump calls his 100% tariff on China "not sustainable."SEND THE MARKETS BACK UP! https://t.co/ESJqxE9cmk ...

🇺🇸 PRESIDENT TRUMP: "100 percent China tariff is not sustainable.""We have to have a fair deal."Trump is scheduled to meet with Chinese President Xi in two weeks ...

📊 Bitcoin has declined to ~$111K, dropping 11.8% since its $125.8K all-time high 9 days ago. With Trump's temporary tariff threats acting as a catalyst, gold has thrived, while equities chop. It can be argued $BTC's drop is still in "overreaction" range. https://t.co/7WOMPa4RaT https://t.co/DJQZatkqsY ...

Mr. . President, you're meeting with President Xi in a few weeks. Yeah.>> If you can't come to an agreement or a deal at that meeting, are we in for a sustained trade war with China. >> You're in one now. Look, we have 100% tariff.If we didn't have tariffs, we would be exposed as being a nothing. We would have no defense. Tariffs are a very important tool for our defense, for our national. ...

Trade Relations & Tariffs - The imposition of 100% tariffs on Chinese goods is contingent on China's actions, particularly regarding rare earth exports [1] - The US has previously found that tariffs of approximately 140% on Chinese goods were challenging for China's economy [2] - The US is confident in its leverage over China, citing China's export-driven economy and need to access the US consumer market [3] - The US possesses export controls that could be imposed on China if necessary, but prefers a good relationship [4] Rare Earth Minerals - China is reportedly planning to control more rare earths and downstream products [1] - Rare earth minerals provide China with leverage in trade negotiations [2] China's Economy - China's economy is described as export-driven, with declining property values and high youth unemployment [3] - China needs to export to maintain economic growth [3]

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]

Here's why Trump's China tariff announcement on Friday was so devastating for leveraged traders.Read more: https://t.co/wzlM68QDNB ...