DOYU

14 Aug: Stock market report August 13 2019

US stock market report August 13 2019 US stock market had a nice rally as very soon after the open news sent the major US stock market indices higher and a buying sentiment for stocks was in place until the close of the trading session. The news for this stock market rally are the following: President Trump delayed the new tariffs on a large batch of Chinese imports that were supposed to go into effect Sept. 1, and exempted some other Chinese imports altogether. The move deescalates Trump’s trade war with China, and amounts to a tacit acknowledgement by Trump that his tariffs might hurt American consumers too much.Laptops, cellphones, gaming consoles, and other products imported from China won’t face a 10% tariff on Sept. 1, as expected. The Trump administration says the 10% tariffs on those products will go into effect on Dec. 15, instead. But the delay reveals an unwillingness by Trump…