Us-China Trade Deal enthusiasts in market: Alan Musk, Jeff Bezos and Zuckerberg’s net worth higher than $ 30 billion

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Companies’ value increased rapidly in shares

Amazon shares recorded a 7 per cent gain on Monday, leading to the company’s market cap by 8.03% to 2.214 trillion.

Tremendous boom in American market

All three big index S&P 500, Nasdaq and Dow Jones of America closed down strongly on Monday. The S&P 500 index gained 184.28 points i.e. 3.26% to 5,844.19. NASDAQ COMPOSTE closed 779.43 points i.e. 4.35% to close at 18,708.34.

Relief in tariff tension between US-China

After a 3 -day talks between the US and China, there was a big trade deal, in which both countries decided to reduce the heavy tariffs imposed on imports. China has proposed to reduce its tariff rate from 125% to 10%. America has also decided to reduce from 145% to 30%.

The deal created a relief news for global investors, causing a boom in the market and a number of billion dollars in the wealth of billionaires.

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