US stocks post May rally as Trump backs away from steepest tariffs

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US stocks have recorded their largest monthly rally from the end of 2021 because investors were encouraged to return to risky assets because President Donald Trump withdrew from several serious tariffs.

Blue-Chip S&P 500 increased by 6.2 percent in May, it was the best monthly performance since November 2023, when the technology-heavy Nasdak composit rose to 9.6 percent. The assembly means that both indexes are in positive areas this year after being submerged in fear of the start of April.

The so-called Magnicant seven-tech stock members, including Facebook Parent Meta, Elon Mask Tesla and Chipmaker Nvidia, have reported the allegations to raise about 70 percent on the quarterly revenue on Wednesday. The indicators rose to the records of the tracking tracking of financial and arts.

“The month of May was a good for stocks,” said Mike Jigmont, co-chief of the Vocational Investment Group’s Trading and Research. “Feel is very optimistic and fearless.”

Stocks initially began to grow on April 9, when the US president announced to give a 90 -day break Tariff He published on most of the country’s major trading partners in the announcement of his “Release Day” a week ago.

The United States and the United Kingdom extended the equity in early May Announced a trade agreementThe A step to cut tariffs for at least 90 days by the United States and China helped to increase the equity of Wall Street even in the US treasury and dollar stress.

Big Cryptocurrencies have grown At the same time, investors are increasingly hungry for the risk of investors, the price of Bitcoin is increasing as $ 111,965 in this hope to agree with the first rules for White House digital assets.

Many of the largest investors on Wall Street have left the stock rally, however, in Washington, in Washington, the upcoming economic downturn and alarming anxiety have trimmed their position on US wealth.

Some have warned that Trump’s unexpected policies mean recent profits in the market may soon evaporate. The US court on Wednesday ruled that the President’s “Liberation Day” customs project was illegal, although the verdict was temporarily paused by the Appellate Court.

Analysts are hoping that the President will impose new tariffs on chips and pharmaceutical products in the coming weeks.

“[Trump] We suspect that he would like to remind everyone that the judgment of a court will not hinder his agenda, “Mike O’Roker says in Jones trading.” The power he holds in the President’s nature should be reminded of the power he holds. “