The Dow Jones Industrial Average rose 318 points, or 0.8%. The S&P 500 added 1%, while the Nasdaq Composite advanced 1.2%.
The Dow Jones Industrial Average rose 318 points, or 0.8%. The S&P 500 added 1%, while the Nasdaq Composite advanced 1.2%.
Trump said Sunday that he would postpone the tariff until July 9, following a request from Ursula von der Leyen, president of the European Commission. The tariff had previously been scheduled to take effect on June 1.
Despite the delay, some analysts remain cautious. “We’re still hesitant to chase the S&P 500 at current levels,” wrote Adam Crisafulli of Vital Knowledge, pointing to ongoing macroeconomic risks tied to trade policy, fiscal uncertainty, and high equity valuations. While Trump’s most extreme tariff proposals may not come to fruition, his administration has enacted significant import taxes in recent months and may continue to do so.
Tesla shares rose 4% after CEO Elon Musk announced he would step back from political discourse to concentrate on his companies. Other tech names also saw gains, including Nvidia, AMD, Apple, and Microsoft.
The rebound follows a rough week for markets, during which the Dow, S&P 500, and Nasdaq each fell more than 2% amid concerns about Trump’s tariff agenda. Markets were closed Monday in observance of Memorial Day.
Traders are now eyeing corporate earnings, with Okta reporting after Tuesday’s close. Reports from Nvidia, Macy’s, and Costco are expected later in the week. So far, more than 95% of S&P 500 companies have reported quarterly results, with nearly 78% exceeding analyst expectations, according to FactSet.
TechEchelon Staff bylines are produced collectively by the newsroom for short, breaking, and wire-style coverage. Longer-form reporting is published under the responsible reporter's name.
More from the Staff →SoftBank beat first-quarter profit expectations with $2.2 billion in net income, fueled by a $8.2 billion gain on its Intel stake, while its OpenAI investment contributed zero gain or loss for the period.
Disney CEO Josh D'Amaro said the company is exploring a free, ad-supported streaming tier to reach price-sensitive consumers, while the company also announced it has already sold out Super Bowl advertising inventory for February's game on ABC and ESPN.
Circle revealed the initial operators for its Arc blockchain network, including BlackRock, Visa, Mastercard, and Intercontinental Exchange, ahead of a public launch scheduled for September 16. The network is designed to serve as infrastructure for stablecoin-based digital payments and financial applications.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.