S&P 500 Index wiped out all the losses for 2025 intraday, and Trump continued to recommend "buying stocks".
U.S. stocks recouped their year-to-date losses on Tuesday as below-consensus inflation data added momentum to the stock market rally triggered by the tariff-cutting deal reached between Trump and China.
The S&P 500 index rose 0.8% in early afternoon trading in New York after data showed a surprising drop in U.S. inflation rate to 2.3% in April. This move extended the strong rebound momentum this month and saw the index rise 0.2% for the year 2025.
Investors have scaled back their expectations of economic losses from the trade war. Following the tariff deal, Goldman Sachs upgraded its earnings growth forecast for U.S. companies and its year-end target price for the S&P 500 index, with analysts noting, "lower tariff rates, improving economic growth, and lower risks of an economic recession than we previously expected."
Original article: https://www.toutiao.com/article/1832048739062025/
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