S&P 500 Index Erases Year-to-Date Decline, U.S. Stock Rally Continues

BlockBeats News, May 13th, the US stock market rose on Tuesday, and the S&P 500 erased its year-to-date decline, with lower-than-expected inflation data adding momentum to the stock market. The market's upward trend continued the rebound momentum of the past month, lifting the S&P 500 up 0.1% for the year. Escalating trade tensions had previously hurt the US stock market, with investors selling off American assets and lowering their economic growth expectations, causing the index to plummet as much as 15%. However, on April 9th, after President Trump suspended imposing reciprocal tariffs on most countries, traders reentered the stock market. Shep Perkins, a stock fund manager at Putnam Investments, said, "The primary trend of recent months has suddenly reversed. The US-China trade agreement was a huge bullish surprise." (FX678)