U.S. Stocks Rise on Optimism for Tariff Negotiations

U.S. stocks experienced a significant rebound on Tuesday, recovering from steep losses following President Trump's announcement of new tariffs on imports. The Dow Jones Industrial Average surged over 1,200 points, while the S&P 500 and Nasdaq also saw substantial gains, reflecting increased investor optimism after reports of potential negotiations with trade partners. Small business owner sentiment, however, declined as uncertainties surrounding the tariffs continued to impact outlooks on sales growth. China has vowed to retaliate against the U.S. tariffs, indicating escalating trade tensions. Global markets mirrored this recovery, with major indices in Asia and Europe posting gains as well. Treasury Secretary Scott Bessent noted that around 70 countries have expressed interest in negotiating trade terms with the U.S., highlighting a potential pathway to ease the ongoing trade conflicts.