U.S. Stock Market Rises as Inflation Data Boosts S&P 500

According to BlockBeats, U.S. stock markets experienced gains on Tuesday, with the S&P 500 index erasing its losses for the year. Lower-than-expected inflation data contributed to the market's upward momentum, continuing a rebound trend seen over the past month. The S&P 500 has increased by 0.1% this year. Prior to U.S. President Donald Trump's announcement of 'Liberation Day' tariffs on April 2, escalating trade tensions had negatively impacted U.S. stocks. Investors sold off American assets and lowered economic growth forecasts, causing the index to plummet by as much as 15%. However, after Trump suspended reciprocal tariffs on most countries on April 9, traders returned to the stock market. Shep Perkins, an equity fund manager at Putnam Investments, commented, "The major trend of the past few months has reversed instantly. The U.S.-China trade agreement is a huge positive surprise."