Dow, S&P 500, Nasdaq recover as traders assess tariff developments, new jobs data

Calm returned to Wall Street, and tech stocks led U.S. indexes broadly higher.

The S&P 500 rose 0.7% Tuesday, a day after swinging sharply on worries that President Donald Trump’s tariffs could spark a trade war that would hurt economies around the world. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq composite climbed 1.4%.

Trump on Monday agreed to delay tariffs on Canada and Mexico for a month but is pressing ahead against China, which announced retaliatory tariffs. Palantir Technologies helped lead the S&P 500 following a strong profit report.

The S&P 500 rose 43.31 points, or 0.7%, to 6,037.88.

The Dow Jones Industrial Average rose 134.13 points, or 0.3%, to 44,556.04.

The Nasdaq composite rose 262.06 points, or 1.4%, to 19,654.02.

The Russell 2000 index of smaller companies rose 31.79 points, or 1.4%, to 2,290.20.