Dow, s&p 500 post best day in two weeks as tariff jitters ease, consumer-confidence rebounds

Dow, s&p 500 post best day in two weeks as tariff jitters ease, consumer-confidence rebounds

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U.S. stocks ended sharply higher Tuesday as investors returned from a three-day holiday after Memorial Day, with equities lifted after President Donald Trump over the weekend said he'd delay the implementation of a 50% tariff on imports from the European Union to July 9 from June 1. Stocks fell Friday when Trump initially threatened to impose the levy. A stronger-than-expected U.S. consumer-confidence reading for May also helped improve the mood, while a retreat by Treasury yields, which had jumped last week, contributed to the buying interest, analysts said. Tech stocks led the way, ahead of earnings due Tuesday from Nvidia Corp.

U.S. stocks ended sharply higher Tuesday as investors returned from a three-day holiday after Memorial Day, with equities lifted after President Donald Trump over the weekend said he'd


delay the implementation of a 50% tariff on imports from the European Union to July 9 from June 1. Stocks fell Friday when Trump initially threatened to impose the levy. A


stronger-than-expected U.S. consumer-confidence reading for May also helped improve the mood, while a retreat by Treasury yields, which had jumped last week, contributed to the buying


interest, analysts said. Tech stocks led the way, ahead of earnings due Tuesday from Nvidia Corp.