Overview

• The president postponed the planned 50% levy on European goods from June 1 to July 9 to extend trade talks with Brussels.
• U.S. markets rebounded sharply, with the S&P 500 rising 2% and Dow and Nasdaq futures up more than 1% on Tuesday.
• EU chief negotiator Maroš Šefčovič reported productive calls with U.S. officials and full commitment to a deal by July 9.
• Consumer confidence in May climbed for the first time in six months, boosted by earlier pauses on Chinese tariffs.
• Nvidia’s stock jumped over 3% ahead of its earnings report on AI growth, while Treasury yields eased as investors regrouped.