Major U.S. stock indexes rallied more than 3% on Tuesday, snapping a three-day losing streak marked by heightened volatility, as investor sentiment improved on hopes of progress in U.S. tariff negotiations. The S&P 500 surged 3.1%, the Dow Jones soared by 1,300 points (3.5%), and the Nasdaq rose 3.2%. The rebound followed comments from Treasury Secretary Scott Bessent, who disclosed that roughly 70 countries, including Japan, have reached out to the White House to initiate tariff talks.
Despite the market optimism, U.S.-China tensions remained elevated. Beijing reiterated its resolve to "fight to the end" after President Trump threatened to impose 50% tariffs unless China swiftly removed its retaliatory measures.
Trump also stated he is waiting for a call from Chinese officials to kick off trade negotiations. Among individual stocks, UnitedHealth Group surged 7.7% after the U.S. government announced higher-than-expected reimbursement rates for Medicare Advantage health plans.
Source: Trading Economics
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