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Stock impact report

Stocks continue relief rally amid talks of trade negotiations [CBS News]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: CBS News
The Dow Jones Industrial Average dipped in early trading but quickly climbed, increasing 236 points, or 0.6% by 11:45 a.m. EST. The S&P 500 rose 67 points, or 1.2%, while the Nasdaq Composite increased 1.8%. After early gains, the indexes steadied by midday. It was unclear whether the market rebound would continue for a third day after futures slumped , as Mr. Trump's trade war continues to roil markets. Investors, however, are placing confidence in the markets keeping the president's policies in check. "The latest shift in tone from the White House has rekindled confidence in the 'Trump put' — the notion that when tested by the market, the president will soften his stance — whether on trade or Fed independence," said Ulrike Hoffmann-Burchardi, the CIO for global equities at the UBS Chief Investment in a research note. The relief rally started Tuesday after Mr. Trump signaled he would lower tariffs on China and also walked back comments that he would fire Federal Reserve Chair Show less Read more
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