Stocks may be out of their tariff doldrums, but the U.S. economy still faces a rocky road ahead. The Trump administration faced its latest rift on Tuesday, as one of the president’s most influential supporters, Elon Musk, denounced a Trump-backed tax bill as a “disgusting abomination.”
Despite the fireworks, investors were optimistic ahead of a teased meeting between Trump and Chinese President Xi Jinping, which White House aides have said is likely to occur this week. The S&P 500 rose 0.58% on Tuesday, driven by tech stocks like Nvidia, which rose 2.80%.
