US Stocks Rally as Trump Delays EU Tariffs, Boosting Market Sentiment
U.S. equities surged Tuesday as President Donald Trump deferred planned tariffs on European Union imports, injecting Optimism into global markets. The Dow Jones Industrial Average rallied 740 points, while the S&P 500 and Nasdaq Composite gained 2.05% and 2.46% respectively. Tech giants Nvidia, Tesla, and Apple led the charge.
The tariff delay until July 9 follows discussions with European Commission President Ursula von der Leyen, with the EU committing to accelerated trade talks. Market participants interpreted the development as reducing near-term geopolitical risk, fueling a broad-based risk-on MOVE across asset classes.