'respect the action': stocks are rallying more on tariff delay than they fell on tariff announcement

Marketwatch

'respect the action': stocks are rallying more on tariff delay than they fell on tariff announcement"


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The S&P 500 remained up nearly 2% heading into the final hour of trading Tuesday, as U.S. investors returned from a three-day holiday weekend and digested President Donald Trump's


announcement he would hold off on 50% tariffs on imports from the European Union until at least July 9 as talks continue. That compares with the 0.7% fall the S&P 500 suffered on Friday,


when Trump initially announced he would recommend the levy go in place on June 1. At its session low on Friday, the large-cap index was down 1.2%. Jonathan Krinsky, chief market technician


at BTIG, said the price moves indicate there's more room for buyers to jump into the market in the near term.


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