NuzTube INDIA
Wall Street surged on Tuesday as investor sentiment turned bullish following an announcement by U.S. President Donald Trump that tariffs on European Union imports would be postponed.
As of 11:15 AM Eastern Time, the major U.S. stock indices were sharply higher. The S&P 500 climbed 1.6%, the Dow Jones Industrial Average rose by 1.3%, and the tech-heavy Nasdaq Composite soared 2%, signaling widespread optimism across the financial markets.
At the opening bell, the Dow jumped by 246.0 points, or 0.59%, reaching 41,849.04. Meanwhile, the S&P 500 gained 51.3 points (0.88%) to hit 5,854.07, and the Nasdaq Composite added 277.2 points (1.48%) to touch 19,014.436.
The market rally was largely driven by the announcement made over the weekend, where President Trump stated that the United States would delay implementing a planned 50% tariff on European Union goods. The new deadline for the tariffs is now July 9, extending from the previously set date of June 1.
This shift in U.S. trade policy has sparked fresh hopes of a potential trade agreement between Washington and Brussels. On Monday, the European Union’s chief trade negotiator confirmed “constructive discussions” with American officials and affirmed the EU’s strong commitment to finalizing a deal before the July deadline.
Investor Confidence on the Rise
Adding to the bullish sentiment was a new report from the Conference Board showing that the consumer confidence index rose to 98 in May. This suggests that despite ongoing global tensions and economic headwinds, U.S. consumers remain relatively optimistic about the economic outlook.
In the bond market, the yield on the 10-year Treasury note fell slightly to 4.45%, down from 4.51% on Friday. This modest decline may reflect a flight-to-equity movement as investors flock back into the stock market amid positive trade developments.
Corporate Movers: Big Winners and Losers
Among individual stocks, Nvidia gained 2.9% as investors positioned themselves ahead of the company’s highly anticipated quarterly earnings report due Wednesday.
Informatica saw a significant jump of 5.6% following news that Salesforce plans to acquire the AI-driven data management company. Shares of Salesforce also edged up by 0.9%, reflecting market approval of the strategic acquisition.
On the downside, PDD Holdings, the parent company of popular e-commerce platform Temu, experienced a sharp 15.3% drop after reporting a 47% decline in quarterly profits. The report raised concerns over growth sustainability in the Chinese tech sector.
Precious Metals and Oil Market Reaction
As investor confidence improved, traditional safe-haven assets such as gold lost ground. Spot gold prices fell 1.4% to $3,296.79 an ounce by 9:01 AM ET. U.S. gold futures were also down 2.1% to $3,296.10 per ounce.
Other precious metals followed suit. Silver slipped 1.2% to $32.96 per ounce, platinum dipped 0.2% to $1,082.63, and palladium eased by 0.3% to $984.50.
In the energy market, crude oil prices declined amid ongoing discussions between Iran and the U.S. that may lead to increased oil supplies. Brent crude futures dropped by $0.99 (1.5%) to $63.73 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.02 (1.7%) to $60.48 per barrel.
What’s Next?
Markets will continue to monitor progress on U.S.-EU trade negotiations as the July 9 tariff deadline approaches. Any further signs of cooperation or final agreements could keep stocks on an upward trajectory. Meanwhile, investors await Nvidia’s earnings, which could further influence tech sector momentum.
With geopolitical tensions, inflation data, and trade policies in flux, Wall Street remains volatile—but Tuesday’s rally offers a clear signal of investor enthusiasm in the short term.
Note : NuzTube INDIA has not written this article. This article is from a syndicate feed.
