S&P 500 index erases losses for the year, U.S. stocks continue to rise.

Stocks rose on Tuesday, with the S&P 500 index erasing its year-to-date losses as lower-than-expected inflation data added momentum to the market gains. The stock market's trend has continued the rebound that began over the past month, pushing the S&P 500 index up by 0.1% for the year. The escalating trade tensions had previously harmed the U.S. stock market, with investors selling off American assets and lowering expectations for economic growth, leading to the index dropping by as much as 15%. However, on April 9, after President Trump announced a suspension of tariffs on most countries, traders re-entered the market. Shep Perkins, a stock fund manager at Putnam Investments, said, "The major trend of the past few months has suddenly reversed. The U.S.-China trade agreement is a huge positive surprise."