
Big Tech stocks gain over $450 billion as Trump, Bessent signal deescalation of US-China trade war
Big Tech stocks surged for a second day on Wednesday with ‘Magnificent Seven’ firms adding $455 billion to their market capitalizations as the Trump administration hinted at a deescalation of the US-China trade war. Tesla (TSLA) surged more than 5% Wednesday, leading the way after its CEO Elon Musk said late Tuesday his time spent…