The S&P 500 (^GSPC) rose 0.8% on Tuesday, turning positive for the year by erasing earlier losses amid easing global tariff tensions. As of 10:20 a.m. ET, the index was up 0.1% for 2025, rebounding sharply from April lows following President Trump’s tariff announcement. The recovery was aided by tariff pauses, a UK trade deal, and a breakthrough with China, which included a temporary halt on some tariffs. Concurrently, the Nasdaq Composite (^IXIC) and Nasdaq 100 (^NDX) entered a new bull market, surging 20% since their April lows.
The S&P 500 (^GSPC) increased by 0.8% on Tuesday, turning positive for the year after recovering all of its previous losses as global tariff tensions seemed to subside.
At 10:20 a.m. ET, the broad index had risen 0.1% since the beginning of 2025, marking a remarkable rebound from its lows on April 9.
The S&P 500 experienced a steep decline following President Trump’s tariff announcement on April 2, termed “Liberation Day.” However, it has recovered those losses due to tariff pauses, a deal with the UK, and a breakthrough in trade discussions with China.
On Tuesday, the S&P 500 aimed to build on Monday’s nearly 3.3% gain after the U.S. reached an agreement with China, pausing some tariffs on Chinese imports, with both sides agreeing to significantly lower their duties.
In addition, the Nasdaq Composite (^IXIC) and the Nasdaq 100 (^NDX) entered a new bull market on Monday, rising 20% from their lows in April.