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U.S. Stocks Rally on Trump’s EU Tariff Delay, Risk-On Sentiment Emerges
U.S. Stocks Rally on Trump’s EU Tariff Delay, Risk-On Sentiment Emerges
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The Dow Jones Industrial Average surged 400 points at Tuesday’s open, with the S&P 500 and Nasdaq Composite gaining 1.1% and 1.3% respectively. Market Optimism followed President Trump’s decision to delay threatened 50% tariffs on EU goods until July 9, sparking a global risk-on rally that lifted Asian and European equities earlier in the session.
Traders interpreted the tariff reprieve as increasing prospects for a U.S.-EU trade agreement, building on recent progress in U.S.-China and U.S.-UK negotiations. The holiday-shortened week began with pronounced bullish momentum across all major U.S. indices, as futures built on overseas gains during Monday’s Memorial Day closure.
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