May 21, 2018
An easing in trade tensions, with the U.S. backing off deadlines and China promising to buy more U.S. imports, tripped a strong 1.2 percent rise in the Dow to 25,013. Also strong was the national activity index which, supported by gains in manufacturing and employment, posted one of its best showings of the expansion.
The gains in stocks didn't come at the expense of bonds where demand improved slightly with the 10-year yield easing back to 3.05 percent. The dollar and gold were little changed but not oil which rose more than $1 to $72.50.