{"id":2196,"date":"2025-06-05T17:42:52","date_gmt":"2025-06-05T17:42:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dow-jones-inches-higher-on-easing-u-s-china-trade-tensions-tesla-slides\/"},"modified":"2025-06-05T17:42:52","modified_gmt":"2025-06-05T17:42:52","slug":"dow-jones-inches-higher-on-easing-u-s-china-trade-tensions-tesla-slides","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dow-jones-inches-higher-on-easing-u-s-china-trade-tensions-tesla-slides\/","title":{"rendered":"Dow Jones inches higher on easing U.S.-China trade tensions, Tesla slides"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">U.S. stock indices are recovering as Trump and Xi pledged to resume talks. On the other hand, Tesla took a beating on Musk\u2019s spat with Trump. <\/p>\n<p>U.S. stock indices modestly gained on Thursday, after positive developments in U.S.-China trade relations. The Dow Jones Industrial Average rose by 60 points, or 0.15%, while the S&amp;P 500 gained 0.02%. The tech-heavy Nasdaq edged up just 0.01%.<\/p>\n<p>Markets remained volatile as traders digested news that U.S. President Donald Trump and Chinese President Xi Jinping had a \u201cvery good phone call,\u201d according to a post from Trump on social media. He noted that the two leaders had resolved several disagreements related to rare earth minerals \u2014 a key area of strategic trade interest.<\/p>\n<p>Trump added that both countries plan to resume trade negotiations in person soon. Given that the U.S. and China are each other\u2019s largest trading partners, developments in their relationship continue to exert a significant impact on both economies and global markets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading is-style-default\">Tesla down after Musk\u2019s break with Trump<\/h2>\n<p>Tesla shares dropped 7.89% on Thursday following a public fallout between CEO Elon Musk and President Trump. Musk, who formerly served as an advisor in Trump\u2019s administration, harshly criticized the President\u2019s latest budget proposal.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m sorry, but I just can\u2019t stand it anymore.<\/p>\n<p>This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.<\/p>\n<p>Shame on those who voted for it: you know you did wrong. You know it.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1929954109689606359?ref_src=twsrc%5Etfw\" target=\"_blank\">June 3, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Trump responded by expressing \u201cdeep disappointment,\u201d noting that Musk was aware of the budget details before issuing his criticism. Tesla had previously benefited from speculation that Musk\u2019s relationship with the White House would lead to favorable policies. The stock soared after Trump\u2019s election victory, with many expecting regulatory and funding advantages for Musk\u2019s ventures.<\/p>\n<p>Now, these hopes seem to be dashed, and Tesla went from its ATH of $479.86 in December to its current price of $303.99. Musk was a crucial Trump ally since the election, donating millions to his campaign. In the White House, Musk headed the unpopular Department of Government Efficiency until he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cz9y4exj822o\" target=\"_blank\">stepped down<\/a> on May 28.   <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock indices are recovering as Trump and Xi pledged to resume talks. On the other hand, Tesla took a beating on Musk\u2019s spat with Trump. U.S. stock indices modestly&hellip;<\/p>\n","protected":false},"author":1,"featured_media":208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2196"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2196\/revisions"}],"predecessor-version":[{"id":2197,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2196\/revisions\/2197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/208"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}