Dow Rebounds Near 1,000

Stocks surged Tuesday in a slight reprieve from the tariff market turmoil, on rising hopes the U.S. would reach trade deals to lower the duties over time.

The Dow Jones Industrials zoomed 1,037.65, or 2.7%, to reach noon EDT Tuesday at 39,003.25.

The S&P 500 index rocketed 134.83 points, or 2.7%, to 5,197.08.

The NASDAQ recovered 454.38 points, or 2.9%, to 16,057.64. The three major averages were on track for their best session since Nov. 2022.

Apple, which was among the hardest-hit stocks due to its exposure to China, surged 4% Tuesday. Other megacap tech stocks were higher on the day, Nvidia and Meta Platforms gained around 5% each. Tesla shares also rallied more than 6%, while Amazon and Netflix were up more than 4% each.

Trump posted on Truth Social Tuesday that he had a “great call” with the acting president of South Korea, and that China “also wants to make a deal badly.”

This came after Treasury Secretary Scott Bessent told the media on Tuesday that around 70 countries had approached the U.S. for tariff negotiations.

“If they come to the table with solid proposals, I think we can end up with some good deals,” Bessent said. “And part of the calculus of that may be that some part of the tariffs stay on.”

Prices for the 10-year Treasury gained, lowering yields to 4.21% from Monday’s 4.22%. Treasury prices and yields move in opposite directions.

Oil prices sank 20 cents to $60.50 U.S. a barrel.

Prices for gold leaped $49.00 to $3,022.60 U.S.



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