US stocks rise after trimming tariff-driven intraday decline
Updated
Updated · MarketWatch · May 1
US stocks rise after trimming tariff-driven intraday decline
11 articles · Updated · MarketWatch · May 1
The S&P 500 gained 41 points to 7,250 and the Nasdaq 287 to 25,180, while the Dow slipped 24 to 49,627 after President Trump announced planned tariffs on European cars and trucks.
All three major indexes recovered from session lows in later trading, according to FactSet, reversing an earlier drop triggered by the tariff announcement.
The muted sell-off suggested investors were still buying modest dips, extending a market rebound that has now entered its fifth week.
With markets shrugging off tariff threats, is the 'buy the dip' strategy ignoring a looming economic storm?
Will strong corporate earnings continue to fuel the stock market if a U.S.-EU trade war erupts?
As the EU readies its 'trade bazooka,' which American industries are the most likely targets for retaliation?