NEW YORK (AP) — The ride-hailing ride created by Wall Street President Donald Trump’s trade policy retreated upward on Tuesday, this time due to his delay in tariffs on the EU.
Since Trump said Sunday that the 500th place in the U.S. first deal, S&P jumped 2% in its first deal, and the U.S. will delay EU goods by 50% from June 1.
The Dow Jones industrial average rose 740 points, or 1.8%, and the Nasdaq composite rate rose to 2.5%. Wall Street’s roller coaster recovered from Friday after Trump announced tariffs on EU representatives representing France, Germany and 25 other countries.
Such a conversation hopes the United States can reach an agreement with one of its largest trading partners that will keep global trade moving forward and avoid possible recessions. Trump announced a similar pause on serious tariffs on products from China earlier this month, when a larger rally was held on Wall Street.
"We focus on verbal action because economic restrictions stimulate policy rollbacks," said other strategists at the BlackRock Investment Institute.
Of course, even after the S&P 500 was below 3.6% of its record, the S&P 500 remained vigilant on Wall Street even after the S&P 500 was about 20% lower last month.
One concern is that all the uncertainty created by pushing U.S. households and businesses to freeze their spending and investments could hurt the economy. The survey has shown that our consumers are worse about the economic outlook and the direction of inflation due to tariffs.
However, on Tuesday's optimistic ruling. A report released by the conference committee said that confidence among U.S. consumers in May exceeded economists’ expectations and earnings in stocks accelerated.
This is the first growth in six months, while consumer expectations for short-term income, business and job markets have dropped sharply, although it remains below what normally marks a future recession. About half of the investigation results came after Trump stopped some tariffs on China.
The conference committee said the rise in confidence was widespread, covering different ages and income groups.
On Wall Street, NVIDIA rose 3.2%, the strongest single-piece force, with the S&P 500 rising the S&P 500 ahead of Wednesday's profit report. This is the last report this quarter in the "Great Seven" large tech companies that have grown so much that their stock changes take over the rest of the market.
NVIDIA has been bypassing the tidal growth wave created by artificial technology around artificial technology, but it also faces criticism that its stock price is too high.
Informatica climbed 6% to be worth about $8 billion after Salesforce said it would buy an AI-powered cloud data management company at an all-stock transaction. Salesforce rose 1.5%.
They are part of the broad earnings of the U.S. stock market, where 93% of the S&P 500 stocks are included.
One of the outliers is Autozone, which fell 3.7% after different reports of three-month performance from May 10 to May 10. Although revenue growth is higher than expected, its profits are not enough to meet analyst expectations.
CEO Phil Daniele said its DIY and commercial enterprises performed well at home, but the shift in foreign currency values would put pressure on retailers’ business outside the U.S.
All in all, the S&P 500 rose 118.72 points to 5,921.54. The Dow Jones industrial average increased by 740.58 to 42,343.65, and Nasdaq Comprehensive gained 461.96 to 19,199.16.
In the bond market, fiscal yields have been lowered to withstand some pressure from the stock market. The 10-year Treasury yield fell to 4.44% from 4.51% late Friday. It has been rising last week, partly due to concerns about the rapid increase in debt by the U.S. government.
Yields have been climbing to developed countries, especially in Japan’s bond market, with recent long-term bond auctions finding relatively few buyers. But analysts say their concerns eased after the Japanese Treasury sent a questionnaire to bond investors, a signal of their efforts to calm the market.
In foreign stock markets, the European index is mostly rising, while the Asian index is mixed.
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Associated Press business writers Matt Ott and Elaine Kurtenbach contributed.