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The risk of a US government shutdown has eased but investors stayed on watch for the next move in an escalating trade war.
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The pendulum-like nature of Trump’s trade policies, economists say, almost certainly means higher grocery store prices.
The S&P 500 was one per cent higher in morning trading, a day after closing more than 10 per cent below its record for its first “ correction ” since 2023.
Shares of banks and other financial institutions rose as traders rotated back into a sector that had thrived until the recent stock-market correction.