출처: Block Media
U.S. Stock Markets Surge as Trade War Concerns Ease: Key Takeaways
U.S. stock markets experienced a robust rebound on October 13, reversing last week’s sharp losses. This recovery was fueled by a perceived de-escalation of U.S.-China trade tensions, following President Donald Trump’s softer tone on tariffs. The shift in sentiment drove gains across major indices, with substantial rallies in technology stocks spreading to other sectors and lifting investor confidence. By the close, all major U.S. indices posted gains between 1-2%.
The Dow Jones Industrial Average surged by 587.98 points (1.29%) to close at 46,067.58. The S&P 500 climbed 102.21 points (1.56%) to 6,654.72, and the Nasdaq Composite soared 490.18 points (2.21%) to finish at 22,694.61, its largest single-day rise since late May.
Trump's Softer Stance Sparks Market Optimism
A key catalyst behind Monday's rally was President Trump’s unexpectedly conciliatory remarks regarding trade with China. In a post on Truth Social, he stated, "China need not worry. President Xi just had a bad day, and we’re not looking to harm China." These comments marked a stark departure from his earlier suggestion to impose “100% additional tariffs,” signaling a possible easing of trade tensions.
Markets interpreted Trump’s comments as a "Buy the Dip" opportunity, inspiring widespread buying across previously battered stocks. Statements from Vice President J.D. Vance and Treasury Secretary Scott Besant further bolstered optimism. Both officials emphasized the U.S. government’s willingness to remain flexible in negotiations if China reciprocates cooperation, easing concerns over escalating trade disputes.
The shift in tone helped offset market losses from the prior week, which had erased approximately $2 trillion in market capitalization. Technology stocks led the recovery with notable performances from Oracle, up over 5%, Nvidia, which climbed nearly 3%, and Broadcom, which jumped close to 10% on news of its official partnership with OpenAI. Overall, 80% of S&P 500 components ended the day in positive territory, while the Russell 2000 Index, which monitors smaller-cap stocks, surged by 2.8%, indicating broad-based buying momentum.
Surprising Gains in Precious Metals and Energy Markets
While equities reignited risk-on sentiment, precious metals also saw significant gains as investors continued to hedge against lingering uncertainties. Gold futures surged 3.25% to reach a record $4,130.40 per ounce, while silver futures skyrocketed 7.56%, touching a historic high of $50.82 per ounce. Analysts noted these gains marked silver’s strongest performance since the Hunt Brothers’ infamous silver squeeze in 1980.
Oil markets also logged moderate gains. Brent crude rose slightly to $63.37 per barrel, supported by geopolitical developments, including news of a ceasefire between Israel and Gaza. Despite the shift toward risk assets, the energy sector remained steady, reflecting cautious investor sentiment.
Meanwhile, currency markets saw the U.S. dollar maintain its strength. The U.S. Dollar Index (DXY) climbed by 0.41%, settling at 98.891, as U.S. bond markets remained closed for Columbus Day. A CNBC report emphasized, “The strength in gold and silver reflects atypical market behavior, underscoring that investors are still hedging against uncertainties.”
Challenges Remain on the Horizon: Government Risks and Earnings Season
While Monday’s rally showcased the market’s resilience, uncertainties linger as political and economic risks loom. Concerns about a potential federal government shutdown persist, with an approaching October 15 payroll deadline adding urgency to the situation.
Additionally, the start of the third-quarter earnings season this week could introduce renewed market volatility. Investors will closely analyze corporate performance and forward-looking guidance, with major financial institutions among the first to report earnings. These results may serve as a bellwether for broader market sentiment in the weeks ahead.
UBS, in a report published Monday, pointed out, “The trade-related volatility is likely to persist in the short term, but it presents opportunities for strategic, long-term investors. This rebound highlights the market's ability to recover from near-term challenges and underscores the potential of dip-buying strategies.”
As markets continue navigating a complex landscape of geopolitical uncertainty, upcoming economic data and corporate results will play a pivotal role in shaping investor actions and future trajectories.
By demonstrating resilience amidst geopolitical shifts and economic complexities, Monday’s rebound serves as a testament to the dynamic interplay of risk and opportunity in today’s financial markets.
