Wall Street operators are betting heavily on risky plays and U.S. stock markets rebound after President Donald Trump said tariffs imposed on China will be reduced "substantially." At the close of the day, the Nasdaq gained 3.65%, standing at 16,895 points; the S&P 500 rose 3.11%, reaching 5,452 units, while the Dow Jones increased 2.34% reaching 40,102 points.
Trump dispelled fears about a possible firing of Federal Reserve President Jerome Powell, creating a positive atmosphere in the markets. "The press exaggerates things. No, I do not intend to fire him," the president stated on Tuesday, April 22. Global stock markets, from Asia to Europe, reacted positively and the U.S. dollar stabilized after reassuring comments from Trump and Treasury Secretary Scott Bessent aimed at easing tensions with China, the world's second-largest economy.
Trump's plans for tariffs against China had a positive effect on the market, as the president indicated his intention to be "very nice" in negotiations with China and to reduce tariffs if an agreement is reached, suggesting a possible easing of his stance toward Beijing. In this regard, Trump mentioned that the final tariffs on China would not come close to the current level of 145%, indicating a possible change in his strategy amid market volatility.
Fund managers are betting that Trump, known as the 'chief disruptor,' is yielding in his trade policies after the imposition of tariffs caused a market crash valued at over $10 trillion and warnings of a recession driven by reciprocal tariff measures. "I considered the actual probability of Powell being fired to be close to zero, but the moderation in the discourse about China is clearly a relief," commented François Rimeu, strategist at La Française AM in Paris.
The Price and Quotations Index of the Mexican Stock Exchange also saw a strong rebound this Wednesday, April 23, with an advance of 2.05%, equivalent to 1,121 points, reaching 55,899 units. Meanwhile, the index of the Institutional Stock Exchange has shown a growth of 2.41%, standing at 1,142.56 points.
