Stocks Rebound, Chipmakers Soar On Trade Deal Hopes, Bitcoin Lags: What's Driving Markets Tuesday?

U.S. stocks staged a broad-based rally on Monday, snapping a volatile losing streak after President Donald Trump hinted at a more diplomatic approach to tariff negotiations.

In a post on Truth Social, Trump said the U.S. is handling a "massive amount of requests for negotiations," referencing active talks with South Korea and hinting that China "wants to make a deal, badly."

He also mentioned a joint venture involving an Alaska pipeline and military cost-sharing, asserting that South Korea’s top negotiation team was en route to the U.S.

Meanwhile, Fed speakers begin to highlight the negative economic impact from tariffs. “We can’t really wait to the end of the quarter plus one month before we find out that investment really dropped off and GDP growth is shrinking,” Chicago Fed President Austan Goolsbee said.

By midday trading in New York, all ...

https://www.benzinga.com/economics/macro-economic-events/25/04/44697600/stocks-rebound-chipmakers-soar-on-trade-deal-hopes-bitcoin-lags-whats-driving-mar