Dow jumps 500 points as Trump defers EU tariffs until July

US Stock Market LIVE: Shares on Wall Street jumped sharply on Tuesday following President Trump’s announcement to postpone the planned 50% tariffs on goods imported from the European Union. This move raised optimism for a potential breakthrough in US-EU trade negotiations. The Dow Jones Industrial Average gained around 0.7%, adding roughly 300 points, while the S&P 500 climbed 1%. The Nasdaq Composite, which is heavily weighted with technology stocks, led the rally with a 1.3% increase. This positive momentum comes after the US markets reopened following the Memorial Day holiday, as investors shrugged off last week’s losses. Market sentiment was further supported by a decline in US Treasury yields and a stronger US dollar, driven in part by expectations that Japan may reduce bond sales after recent market volatility. Watch this space for all the live updates.

US Stock Market LIVE: Shares on Wall Street jumped sharply on Tuesday following President Trump’s announcement to postpone the planned 50% tariffs on goods imported from the European Union. This move raised optimism for a potential breakthrough in US-EU trade negotiations. The Dow Jones Industrial Average gained around 0.7%, adding roughly 300 points, while the S&P 500 climbed 1%. The Nasdaq Composite, which is heavily weighted with technology stocks, led the rally with a 1.3% increase. This positive momentum comes after the US markets reopened following the Memorial Day holiday, as investors shrugged off last week’s losses. Market sentiment was further supported by a decline in US Treasury yields and a stronger US dollar, driven in part by expectations that Japan may reduce bond sales after recent market volatility. Watch this space for all the live updates.