Stocks reverse losses after president temporarily eases trade war measures U.S. stocks staged a dramatic rebound Wednesday after President Trump announced a temporary easing of trade tariffs, sparking the biggest single-day rally in months. The Dow Jones Industrial Average rocketed up 2,476 points (6.6%) to 39,683 by mid-afternoon, while the S&P 500 surged 7.8% and…
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Reddit’s IPO surges, signals renewed investor confidence in tech
The debut that may herald a resurgence of investor confidence in high-potential yet unprofitable tech firms, Reddit’s shares soared by 48% on their inaugural trading day in New York. Despite its consistent lack of profitability since its inception in 2005, Reddit has captivated investors’ imaginations by showcasing its platform as a fertile testing ground for…