The S & P 500 erased losses during the year, and US stocks continued their rally
Internet reported that U.S. stocks rose on Tuesday, as the S & P 500 erased year-to-date declines, and lower-than-expected inflation data added impetus to the stock market's rally. Stocks continued the rally of the past month, sending the S & P 500 up 0.1% this year. Before Trump announced the Liberation Day tariffs on April 2, rising trade tensions had already hurt U.S. stocks, as investors sold U.S. assets and lowered their expectations for economic growth, causing the index to plummet by as much as 15%. But on April 9, traders re-flocked to the stock market after Trump suspended reciprocal tariffs on most countries. Shep Perkins, equity fund manager at Putnam Investments, said,"The major trends of the past few months have reversed instantly. The Sino-US trade agreement is a huge positive surprise."
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