Wall Street Stocks Rise Near Records Amid Tariffs
Reading
Stock prices in the U.S. were near their highest levels. This happened after news about President Trump's plans for tariffs. People on Wall Street think he might change his mind about them.
The S&P 500 went up a little, about 0.1%. The Dow Jones also went up by 0.2% or 88 points. The Nasdaq went up by 0.3% and made a new record.
Other stock markets around the world were mixed today. This was after Trump said he wants new tariffs. These are for goods from Mexico and the European Union, starting in August.
The new tariffs might not happen until August. This gives more time to make trade deals with other nations. Some people think Trump might not use the tariffs if they hurt the economy.
If Trump puts all tariffs in place, it could cause a recession. This could hurt voters and increase debt. Experts think the tariffs are a way to get better deals and could decrease later.
Questions
What happened to stock prices in the U.S.?
Stock prices were near their highest levels.
How much did the S&P 500 go up?
The S&P 500 went up about 0.1%.
What might happen if Trump puts all tariffs in place?
It could cause a recession and hurt voters.
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