S&P 500 Rallies 2% as Wall Street's Roller-Coaster Ride Whips Back Upward
- The S&P 500 surged 2% on Tuesday in New York following President Trump’s announcement of delayed tariffs on the European Union.
- The market rebound followed Trump’s decision to postpone a 50% tariff originally set for June 1 to July 9 amid ongoing trade tensions with the European Union.
- This rally built on earlier gains after Trump paused tariffs on China, supported by a Conference Board report showing a widespread rise in U.S. Consumer confidence in May.
- Key drivers included Nvidia’s 3.2% gain fueled by AI growth and Salesforce’s planned $8 billion purchase of Informatica, while Treasury yields eased to 4.44%.
- The market’s recovery suggests cautious optimism about trade negotiations, but concerns about tariff uncertainty and economic stress remain on Wall Street.
72 Articles
72 Articles
S&P 500 rallies 2% after EU tariffs delayed
Wall Street rallied after President Donald Trump delayed a 50% tariff on goods coming from the European Union. The S&P 500 jumped 2% Tuesday. Its gains accelerated following a better-than-expected report on U.S. consumer confidence. The Dow Jones Industrial Average…
Asian shares are mixed after S&P 500 rallies 2%, while Japan bond auction sees weak demand - Seymour Tribune
Asian shares were mixed on Wednesday after President Donald Trump decided to delay a 50% tariff on goods coming from the European Union, sparking a rally on Wall Street. U.S. futures were little changed and oil prices rose. Japan’s Nikkei 225 index edged 0.1% higher to 37,757.34. A closely watched auction of 40-year Japanese government bonds worth about 500 billion yen ($3.5 billion) drew weak demand as worries mount over growing levels of debt.…
Wall Street Welcomes Trump's EU Tariff Delay
Wall Street rallied on Tuesday after President Trump delayed a 50% tariff on goods coming from the European Union. The S&P 500 rose 118.72 points, or 2%, to 5,921.54. The Dow Jones Industrial Average rose 740.58 points, or 1.8%, to 42,343.65. The Nasdaq...
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