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SP500 Index Erases Year-to-Date Losses, US Stock Rally Continues

SP500 Index Erases Year-to-Date Losses, US Stock Rally Continues

2025-05-13 23:37

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ChainThink reports: US stocks rose on Tuesday, with the S&P 500 index erasing this year's losses, as inflation data below expectations added momentum to the stock market rally. The market trend continued the rebound of the past month, resulting in a 0.1% increase for the S&P 500 this year. Trade tensions had already harmed US stocks before Trump announced "Liberation Day" tariffs on April 2nd, leading investors to sell US assets and lower their growth expectations, causing the index to drop as much as 15%. However, on April 9th, after Trump suspended reciprocal tariffs on most countries, traders rushed back into the stock market. Shep Perkins, a stock portfolio manager at Putnam Investments, said, "The main trend over the past few months suddenly reversed. The China-US trade agreement was a huge positive surprise."

Disclaimer: Contains third-party opinions, does not constitute financial advice

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