Overview

• The S&P 500 and Nasdaq 100 erased year-to-date losses on Tuesday, marking a recovery from April's market volatility.
• A 90-day U.S.-China tariff truce, reducing duties to 30% on Chinese goods and 10% on U.S. imports, eased trade tensions and boosted investor confidence.
• April's Consumer Price Index data showed cooling inflation, alleviating concerns of an economic slowdown and supporting market gains.
• Saudi Arabia pledged $600 billion in U.S. investments, with a focus on technology, while Nvidia surged 5.3% on reports of AI processor deals with the UAE.
• Oil prices climbed above $63 per barrel after President Trump warned of potential disruptions to Iranian oil exports, while Bitcoin rose to $104,000.