The S&P 500 Index ($SPX) (SPY) Tuesday closed up +2.51%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +2.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.63%. June E-mini S&P futures (ESM25) are up +2.52%, and June E-mini Nasdaq futures (NQM25) are up +2.46%.
Stock indexes rallied sharply on Tuesday and recovered most of Monday's losses. Stocks found support Tuesday on trade deal optimism after US trade negotiators said they have made "significant progress" toward a bilateral trade deal with India following talks between Vice President Vance and Indian Prime Minister Modi. Stocks raced to their highs Tuesday on hopes of a thaw in the US-China trade war when Bloomberg News reported that Treasury Secretary Bessent told a closed-door investor summit that the tariff standoff with China is unsustainable and he expects the situation to de-escalate.
