US stocks open higher as global stocks rally, Dow +3.5%

By AFP 8 April 2025, 4:45 pm

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A woman checks her phone in front of an electronic sign board showing the closing price of the Heng Seng Index in Hong Kong on April 8, 2025. Asian and European markets battled on April 8 to recover from the previous day's tariff-fuelled collapse, though Donald Trump's warning of more measures against China and Beijing's vow to "fight to the end" raised concerns of a spiralling trade war. (Photo by Peter PARKS / AFP)

Wall Street stocks surge higher as global markets rallied following deep losses in hopes of trade agreements that would remove US President Trump’s heavy tariffs.

All three major US indices were up more than three percent in opening trading as Trump described an upbeat call with the head of South Korea while US Treasury Secretary Scott Bessent says Japan had sought quick negotiations.