The mood is surprisingly bullish. It’s almost like: ‘What tariffs? Who cares?’

Wall Street soars and investors plunge into risky assets, as US dicounts its tariff worries

US market hopes falling interest rates will add rocket fuel to American economy

US Treasury Secretary Scott Bessent: Photo: Reuters

Traders in New York are snapping up risky assets of all stripes, in the hope that falling US interest rates will add rocket fuel to an American economy that’s so far been able to withstand the effects of the US president’s trade war.

Wall Street was set to extend record highs in trading yesterday, with shares of small-cap, emerging-market and semiconductor companies leading the gains.