Lates News

On Tuesday, the US stock market rose, with the S&P 500 index erasing its year-to-date losses as lower than expected inflation data added momentum to the market. The market's upward trend continued the rebound from the previous month, with the S&P 500 index up 0.1% for the year. The escalating trade tensions before President Trump's announcement on April 2 of a "liberation day" tariff had caused damage to the US stock market, leading investors to sell off US assets and downgrade their expectations for economic growth, resulting in the index dropping as much as 15%. However, on April 9, traders re-entered the market after Trump suspended tariffs on most countries. Shep Perkins, a stock fund manager at Putnam Investments, said, "The major trend of the past few months has suddenly reversed. The US-China trade agreement is a huge positive surprise."