S&P 500, Nasdaq 100 Erase 2025 Drop as Trade Hope Sparks Rebound
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The S&P 500 and Nasdaq 100 indexes turned higher for the year on Tuesday, reversing multi-trillion dollar routs, as enthusiasm for US stocks grows with global trade tensions cooling after the Trump administration and China agreed to temporarily lower tariffs.
The tech-heavy Nasdaq 100 rose 1.6% in the session, putting it up 0.9% in 2025. The S&P 500 climbed 0.7% to put its 2025 gain at 0.1%. Investors also were encouraged by the latest consumer price index reading Tuesday morning, which showed inflation rose less than expected in April, indicating that so far companies have had little urgency to pass on costs from higher tariffs.