内容摘要：Nita Deda, manager of Art Explora works at her computer at Villa 31 where the late communist dictator Enver Hoxha, once a symbol of totalitarian rule used to live, in Tirana, Albania, Friday, Feb. 7, 2025. (AP Photo/Vlasov Sulaj)

Nita Deda, manager of Art Explora works at her computer at Villa 31 where the late communist dictator Enver Hoxha, once a symbol of totalitarian rule used to live, in Tirana, Albania, Friday, Feb. 7, 2025. (AP Photo/Vlasov Sulaj)

Foot Locker soared 85.7% after coming into the day with a loss of nearly 41% for the year so far.All told, the S&P 500 rose 24.35 points to 5,916.93. The Dow Jones Industrial Average added 271.69 to 42,322.75, and the Nasdaq composite fell 34.49 to 19,112.32.

In the oil market, crude prices sank roughly 2% on expectations that more petroleum could be set to flow into global markets because of a possible deal between theover that country’s nuclear program. Such a deal could help ease sanctions against Iran, which is a major producer of oil.Elsewhere, China moved to reverse some of its “non-tariff” measures against the U.S. as agreed with Washington in their temporary trade war truce, while demanding that the U.S. side “immediately correct its wrong practices.”

A Chinese Commerce Ministry spokesperson accused the Trump administration of violating world trade rules by announcing that use of Ascend computer chips made by China’s Huawei Technologies violates U.S. export controls.Stock indexes fell 0.8% in Hong Kong and 0.7% in Shanghai, while indexes were mixed elsewhere in Asia and Europe.

In the bond market, the yield on the 10-year Treasury fell to 4.44% from 4.53% late Wednesday. Falling bond yields can encourage investors to pay higher prices for stocks and other investments.

The two-year Treasury yield, which more closely tracks expectations for Fed action, dropped to 3.96% from 4.05% as traders built bets that the Fed will resume cutting its main interest rate as soon as September.by the Trump administration to drastically lower import taxes on all Chinese goods from 145% to 30% following weekend talks in Switzerland with Chinese officials. China issued a public notice on Tuesday lowering its own tariffs on U.S. goods to 10%, down from 125%.

However, the reductions are temporary, allowing the two sides toin the next 90 days.

Izzy Rosenzweig, founder and CEO of the logistic company Portless, said U.S. brands are “very excited” about the broader tariff cut. The import tax is still high, but not as prohibitive as when it was 145%, which amounted to a trade embargo.On the low-value shipments, online purchases had been coming into the U.S. duty-free for several years under the de minimis rule, which exempted them from the import tax.