Nasdaq Rally: My 3 Favorite Stocks to Buy Now
The three major benchmarks soared on Monday as the U.S. announced an initial import tariff agreement with China. This was a game-changing moment for investors as concerns about President Donald Trump's tariff plan had weighed on sentiment for weeks.Investors were particularly worried about an escalating trade war with China that could wreak havoc on the economy. But that worst-case scenario seems to be drifting away. This week, the U.S. agreed to set tariffs at 30% on China, a level light-years away from the 145% announced last month.All of this was particularly good news for technology stocks and growth stocks, in general, because many tech stocks rely on China as a source of production and parts for their products. (The U.S. exempted electronics products from tariffs, but that move was said to be temporary.)Continue reading
The three major benchmarks soared on Monday as the U.S. announced an initial import tariff agreement with China. This was a game-changing moment for investors as concerns about President Donald Trump's tariff plan had weighed on sentiment for weeks.
Investors were particularly worried about an escalating trade war with China that could wreak havoc on the economy. But that worst-case scenario seems to be drifting away. This week, the U.S. agreed to set tariffs at 30% on China, a level light-years away from the 145% announced last month.
All of this was particularly good news for technology stocks and growth stocks, in general, because many tech stocks rely on China as a source of production and parts for their products. (The U.S. exempted electronics products from tariffs, but that move was said to be temporary.)
