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CNBC Daily Open: Trump pauses tariffs but markets are still wary

1. Trump delays tariffs on Canada and Mexico for at least 30 days, easing market fears. 2. S&P 500 declined 0.76% despite the tariff delay news. 3. Palantir shares surged 24% after strong earnings report, signaling investor confidence. 4. Analysts caution about potential future tariff impacts on global markets. 5. Trump supports Fed's decision to keep interest rates steady, shifting market sentiments.

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FAQ

Why Bullish?

The tariff delay alleviates short-term uncertainty, positively influencing market sentiment.

How important is it?

The tariff negotiations and economic implications strongly correlate with S&P 500 performance.

Why Short Term?

Immediate effects expected due to the temporary nature of tariff pause but long-term impacts remain uncertain.

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