Reported about 17 hours ago
In early April, the S&P 500 faced a sharp decline due to President Trump's new tariffs, dropping 12% in four days. However, the index staged a remarkable comeback, gaining 5.3% in a week and recovering all losses for the year by mid-May. Factors contributing to this turnaround included robust corporate profit reports and the U.S. government's willingness to negotiate on trade, leading to temporary tariff rollbacks between the U.S. and China. Despite the positive momentum, analysts warn investors to remain cautious due to ongoing uncertainties in trade policies.
Source: YAHOO