2025-05-13
12 分钟The Nasdaq enters a new bull market and U.S. stocks soar after a major thaw in U.S.-China trade relations.
Plus, President Trump signs an executive order aimed at lowering drug prices.
Consumers are not going to see anything right away.
But it is putting a process into play behind the scenes of telling the U.S. trade representative and the Commerce Department to look at any unreasonable and discriminatory practices in foreign countries.
And why the retail property market isn't looking great for the rest of 2025.
It's Monday, May 12th.
I'm Alex Osola for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
The Treasury said the U.S. collected over $16 billion in customs duties in April.
That's $7.6 billion more than in the previous month, as revenue from tariffs accelerated sharply.
U.S. stocks rallied after the U.S. and China announced that they have agreed to temporarily slash tariffs on each other's goods.
Shares of companies that had been punished by the trade war,
such as Amazon, Apple, and Tesla, advanced.
The dollar jumped, bond yields rose, and investors scaled back bets on Federal Reserve rate cuts.
In the end, major U.S. indexes closed higher.
The tech-heavy Nasdaq climbed 4.3%.
It entered a new bull market by closing more than 20% above its April low.
The S&P 500 rose 3.25%.
And the Dow ended the day 2.8% higher.