The S&P 500 rose 0.8% to 6,141.02 on Thursday, just shy of its all-time intraday high, as easing tariff fears and strong tech stocks powered a stunning market rebound. The Nasdaq climbed 0.97% to 20,167.91, while the Dow gained 404 points. White House spokesperson Karoline Leavitt downplayed the July 8 and 9 tariff deadlines, reinforcing investor belief that President Donald Trump may delay steep “liberation day” tariffs. That reassurance, combined with solid corporate earnings, lower jobless claims, easing inflation fears, and a revived AI trade, helped push markets up. Nvidia hit a fresh record high, and Meta and Alphabet also surged. The S&P 500 is now up over 27% from April lows and more than 4% for 2025, regaining optimism tied to Trump’s economic agenda and global market stability.
