Stocks Eke Out Gain as Tech Drives Late-Day Bounce: Markets Wrap
- Consumer confidence tumbles again to lowest since early 2021
- US says Russia and Ukraine agree to truce in the Black Sea
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A rally in most big techs drove stocks higher on Tuesday, though gains moderated after one of the market’s best days in 2025 as traders assessed economic risks amid the threat of a trade war.
After fluctuating throughout most of the session, the S&P 500 rose by 0.2%. Tesla Inc. extended a five-day surge to 28% while Nvidia Corp. fell. A slide in consumer confidence to a four-year low weighed on sentiment. That’s even as traders added to wagers on Federal Reserve rate cuts this year. Bond yields slipped. The dollar halted a recent advance. Oil slid as US said Russia and Ukraine have agreed to a ceasefire in the Black Sea.