US Stock Market Rebounds! Dow Jones Rises 740 Points, EU Tariff Policy Delayed
US President Trump has agreed to delay the planned 50% tariffs on the EU that were set to take effect on June 1. This positive news, combined with the largest monthly increase in consumer confidence in the US in four years, led to a broad rise in the US stock market.
The Dow Jones closed up 740.58 points, a gain of 1.78%. The S&P 500 also rose by over 2%, breaking a streak of four consecutive days of declines. The Nasdaq index saw a significant increase of 2.47%, driven by tech stocks like Tesla.
