Nasdaq 100 Close to Erasing Losses Since April 2 After Rebound
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks closed higher Tuesday, with the technology-heavy Nasdaq 100 mere points away from erasing all its losses since April 2, as traders interpreted US President Donald Trump’s plan to ease the impact of his auto tariffs as a positive sign in the ongoing trade turmoil.
The S&P 500 Index rose 0.6%, extending its winning streak to a sixth straight session and marking the longest such run since November. The equity benchmark needs to rise another 1.9% to wipe out its own losses since early April, when Trump triggered the latest trade-focused market turmoil with his “Liberation Day” tariff announcement. The Nasdaq 100 advanced 0.6% on Tuesday, Dow Jones Industrial Average rose 0.8% and Russell 2000 Index climbed 0.6%.