Wall Street is booming, with ripple effects around the globe. Now investors are watching for the latest announcement from the Federal Reserve.
The Dow Jones and Nasdaq recorded their strongest daily gains in nearly a decade. Tokyo's Nikkei index also soared after the news of the recovery.
The Tokyo stock index and other Asian markets tumbled over uncertainty in the US economy. President Donald Trump's tirade against the Federal Reserve has hit Wall Street hard.
Wall Street's dismal performance has had profound knock-on effects on global markets. Analysts have warned that the downward spiral is likely due to tariff-related effects on US companies, citing rising basic costs.
Asian shares have jumped to three-week highs following a report that US President Donald Trump is aiming for a swift trade deal with China. The news came only days after Washington had threatened more punitive tariffs.
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