US Stocks Surge on Tariff Relief Plans, Corporate Earnings Boost

U.S. and global stock markets surged amid hopes that President Trump will ease automotive tariffs, temporarily relieving automakers from overlapping duties and signaling a softer approach to the ongoing trade war. Investors welcomed news that automakers might be spared from some tariffs, which buoyed shares in companies like Hyundai and Kia, and led to gains in major U.S. indices including the Dow, S&P 500, and Nasdaq. Market sentiment was further lifted by strong corporate earnings from companies such as Honeywell, Sherwin-Williams, and Coca-Cola, although volatility persisted due to concerns over trade policy, consumer confidence, and economic growth. Treasury Secretary Scott Bessent indicated that while progress is being made with trade partners like Japan and India, negotiations with China remain stalled, emphasizing that the next move is up to Beijing. Analysts caution that continued volatility is likely, with investors closely watching upcoming economic data, Big Tech earnings, and any further developments in trade policy. The week's packed calendar of earnings and economic releases is expected to keep market participants on edge as they assess the broader impact of tariffs and trade tensions.