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Market Snapshot: Stocks bounce off lows but remain pressured after Trump claims China ‘broke the deal’

U.S. stocks pulled well off the day’s lows but remained under pressure Thursday as trade tensions ramped up after U.S. President Donald Trump threatened tariff retaliation on China, which he claims “broke the deal”.

However, some of the fears were assuaged after Trump disclosed that he’s received a missive from Chinese President Xi Jinping just hours before U.S. and Chinese officials were set to resume trade talks in Washington.

How are the benchmark indexes faring?

The Dow Jones Industrial Average DJIA, -0.92% was down 106 points, or 0.4%, to 25,860 after falling by as much as 450 points earlier.

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