The S&P 500 saw a remarkable 1.76% recovery, propelled by a rebound in major technology stocks and a shift towards selective tariffs by the Trump administration. This news, indicating potential exemptions for certain sectors, eased fears regarding adverse impacts on supply chains and economic growth. Key tech stocks, including a notable 12% increase in Tesla, contributed significantly to this rebound, alongside Nvidia and Apple. Despite ongoing concerns about monetary policy, the shift back to risk assets in the tech sector is anticipated to remain a critical driver for the S&P 500 moving forward.
The S&P 500 rebounded 1.76% as selective tariffs and strong tech stocks, including a nearly 12% surge from Tesla, drove investor sentiment and market recovery.
President Trump’s announcement on selective tariffs eased concerns about supply chains, aiding market recovery, showing a shift towards growth sectors, particularly tech, which remains pivotal.
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