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Stock impact report

Stocks pare losses as Trump renews hope on China trade deal [Business News Network (BNN) Energy & Resources (Canada)]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Stocks pare losses as Trump renews hope on China trade deal U.S. stocks climbed from the lows of the day after President Donald Trump said a trade deal with China is still possible even as a deadline approached for reciprocal tariffs to be imposed by the two feuding countries. Trump said he received a “beautiful letter” from Chinese President Xi Jinping and that the two leaders would probably speak by phone, as a delegation from Beijing arrives in Washington to negotiate. The S&P 500 is down for a fourth day and was on pace for its worst week of the year. The Stoxx Europe 600 fell the most this year, while the MSCI Asia Pacific gauge dropped the most in six weeks. The gap between three-month and 10-year Treasury rates briefly turned negative, traditionally a recession warning. “We still believe that a trade deal will get done, and regardless of whether it is a good deal or a mediocre deal, it will be important because it will remove uncertainty,” said Hank Smith, co-chief investment o Show less Read more
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