U.S. stock indexes on Tuesday showed growth after President Donald Trump assured investors that the trade agreement with China remains in force and optimistic business activity data came from Europe.
“The trade agreement with China is completely safe,” Trump tweeted on Monday after his adviser Peter Navarro confused, saying the agreement was terminated. S&P futures fell 1.7 percent after the announcement.
Thanks to monetary and fiscal support, the resumption of companies, and positive economic data, the S&P 500 rose 42 percent compared to March. Now they are only 8 percent behind the maximum recorded on February 19.
Amid tech stocks rising in the previous session, all three of Wall Street’s leading indexes closed higher, with the Nasdaq showing its fourth record closing this month.