Overview

• President Trump announced that steep duties on European imports would be postponed from June 1 to July 9 to allow more time for trade talks.
• The S&P 500 climbed about 2.1%, the Dow Jones rose nearly 1.8%, and the Nasdaq gained roughly 2.5% after the tariff announcement.
• The Conference Board reported that US consumer confidence rebounded in May, rising 12.3 points to 98 after five consecutive monthly declines.
• Yields on 10-year Treasury notes fell to around 4.44% as investors pulled back from safe-haven bonds amid eased trade tensions.
• Shares of Nvidia jumped over 3% ahead of its earnings report, driving additional strength in technology stocks.