The financial markets exhibited bullish sentiment as major stock indices widened their gains, driven by President Trump's decision to postpone proposed EU tariffs until July. The Dow Jones saw a significant increase, jumping as much as 500 points, while May's Consumer Confidence surged unexpectedly to 98, outpacing economists' predictions. Tech stocks significantly contributed to this rally, with both Nasdaq Composite and S&P 500 benefiting. Analysts expressed confidence in key players like Nvidia and Tesla, anticipating continued growth amid favorable market conditions.
Market sentiment is refreshingly bullish, with all three major stock averages widening their lead as the morning unfolds.
President Trump's agreement to delay proposed EU tariffs until July 9 propelled the Dow Jones Industrial Average up as much as 500 points.
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