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Wall Street rises again as US stocks pull closer to their records
- On Tuesday in New York, U.S. Stocks advanced, with the S&P 500 rising 0.6% and closing just under 3% below its record peak reached earlier this year.
- This rise follows a sharp April plunge and ongoing uncertainty caused by President Donald Trump's on-again-off-again tariff rollout and awaited updates on their economic impact.
- Tech stocks led gains as chip makers like Nvidia and Broadcom recovered losses, while Dollar General surged 15.8% after stronger-than-expected profit reports amid companies cutting forecasts due to tariff uncertainty.
- The OECD projects U.S. Economic growth to slow to 1.6% in 2025, compared to 2.8% last year, noting that despite some impact from tariffs, the job market remains strong and inflation levels steady.
- UBS's Jason Draho warned the current calm in markets won’t last indefinitely and that unexpected policy changes or economic data could suddenly shift investor sentiment and market trends.
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Associated Press News+60 Reposted by 60 other sources
Asian shares shoot higher as US stocks inch toward their records
Shares have advanced in Asia after U.S. stocks drifted closer to their records. South Korea's Kospi jumped 2.4% after the liberal opposition candidate Lee Jae-myung was elected president.
·United States
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The Detroit News+7 Reposted by 7 other sources
Wall Street rises again as U.S. stocks pull closer to their records
U.S. stocks are drifting higher on Tuesday and pulling closer to their record as the wait continues for more updates on President Donald Trump’s tariffs and how much they’re affecting the economy.
·Detroit, United States
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Total News Sources79
Leaning Left23Leaning Right6Center32Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 38%
C 52%
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