6 August
The S&P 500 rose amid uncertainty surrounding President Trump's trade policy
The S&P 500 index closed higher on Tuesday as investors worried ahead of the US administration's import tariffs taking effect. Stock markets have been volatile in recent weeks. Traders weigh the economic consequences of President Trump's policy initiatives, particularly their potential to slow US growth while accelerating inflation, according to Reuters.
Natixis Investment Managers Solutions strategists anticipate a partial reduction in market uncertainty following the April 2 unveiling of Trump's tariff plan. However, the firm notes that stock markets are likely to maintain elevated volatility levels even with this policy clarity, as broader economic concerns persist.
On Tuesday, the S&P 500 gained 0.38% to close at 5,633.07, fueled by a rebound in tech stocks including Tesla and Microsoft, according to market data.
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