3 months ago
Kiplinger
Sign upThe move was an abrupt reversal for Truss, who said on Wednesday she was a "fighter and not a quitter." "First her policies went up in flames, then her brief career as Prime Minister," noted Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. "The great political gamble of Liz Truss has spectacularly backfired but not before wreaking significant damage to the U.K. economy. But markets on the American side of the Atlantic soon bounced back, with the major U.S. benchmarks rising sharply within the first hour of trading. Strength in mega-cap tech stocks such as Apple (AAPL (opens in new tab)) and Microsoft (MSFT (opens in new tab)) helped power markets higher, as did gains in Amazon.com (AMZN (opens in new tab)).
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