Wall Street Soars As Trump Teases Trade Deals, Magnificent 7 Add Over $500 Billion In Market Value

U.S. stocks surged in early trading Tuesday after President Donald Trump hinted at progress on some trade deals with key trading partners, easing fears of global trade disruption stemming from recent tariff announcements.

The S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), surged 3% by 9:45 a.m. in New York, clawing back some of the 10% it had lost over the previous four sessions.

Other major indices also showed robust gains, with the tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), outperforming counterparts amid broad-based rallies in mega-cap and semiconductor stocks.

Major Indices

Price

Chg

%

Nasdaq 100

18,025.43

+594.75

3.4%

Dow Jones

39,121.15

+1,155.55

3.0%

S&P 500

5,213.82

+151.57

3.0%

Russell 2000

1,858.95

+48.84

2.7%

Updated at 9:45 a.m. ET

After suffering steep losses in recent sessions, investors poured back into financials, tech, and consumer discretionary, which were the top-performing sectors on Tuesday.

Semiconductors were the standout industry group, with the iShares Semiconductor ETF (NASDAQ:SOXX) rallying 4.5%.

S&P Sector ETFs

%

Financial Select Sector SPDR Fund (NYSE:XLF)

4.0%

Technology Select Sector SPDR Fund (NYSE:XLK)

3.8%

Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY)

3.0%

Communication Services Select Sector SPDR Fund (NYSE:XLC)

2.9%

Health Care Select Sector SPDR Fund (NYSE:XLV)

2.7%

Industrials Select Sector SPDR Fund (NYSE:XLI)

2.7%

Energy Select ...

https://www.benzinga.com/economics/macro-economic-events/25/04/44686417/wall-street-soars-as-trump-teases-trade-deals-magnificent-seven-add-over-500-bill