The U.S. Market Opened With A Sharp Rise

Investors reacted positively to the talks between the US and Chinese delegations in Geneva.

The main trades in the USA on May 12 started with a sharp growth of key American indices. Investors reacted positively to the agreement between the US and China on mutual reduction of duties. They will be reduced from 145 to 30% on Chinese goods in the U.S., while on U.S. goods in China - from 125 to 10%.

At 4:30 p.m. Minsk, the indices showed the following dynamics:

The broad market index S&P 500 rose by 2.83% to 5,820.16 points;

technological NASDAQ Composite jumped by 3.95% to 18,637.36 points;

Dow Jones Industrial Average rose by 2.48% to 42,272.29 points.

A joint statement posted on the White House website said that after China and the United States cut reciprocal duties, the two sides "will establish a mechanism to continue discussions on economic and trade relations."

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