the US stock market rose on Tuesday, with the S&P 500 index erasing its year-to-date decline, as lower-than-expected inflation data added momentum to the stock market. The market trend continued the rebound of the past month, pushing the S&P 500 index up 0.1% this year. The escalating trade tensions had hurt the US stock market before President Trump announced "Liberation Day" tariffs on April 2, causing investors to sell off US assets and lower their expectations for economic growth, leading to a peak decline of 15% in the index. However, on April 9, after Trump suspended imposing tariffs on most countries, traders flocked back to the stock market. Shep Perkins, stock fund manager at Putnam Investments, said, "The major trend of the past few months has suddenly reversed. The US-China trade agreement is a huge positive surprise."
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S&P 500 erases year-to-date losses, U.S. stocks continue to rise
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