Stocks Up in Late Hours on Hints of Tariff Relief: Markets Wrap
- Trump mulling Canada, Mexico tariff compromise, Lutnick says
- S&P 500 hit by wild swings Tuesday amid trade-war jitters
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Stocks climbed in late hours after US Commerce Secretary Howard Lutnick suggested that there may be some tariff relief after a selloff that shook markets around the globe.
Frantic moves lashed markets all day, both up and down, as sentiment shifted quickly amid uncertainty around Donald Trump’s trade war. US shares were particularly volatile, first plunging, then recovering, and falling anew at session’s end. After the close, word Trump was considering a compromise with Mexico and Canada sparked a late-day rally, with a $611 billion exchange-traded fund tracking the S&P 500 (SPY) signaling a rebound.