Wall Street Stabilizes After Tariff-Fueled Rally; Trump's Trade Policy Uncertainty Persists Amidst Mixed Economic Signals

Wall Street is holding steady on Tuesday, following a significant rally the previous day driven by hopes that President Trump's tariffs might be less extensive than initially anticipated. The S&P 500 rose 0.1% in early trading, after a 1.8% jump on Monday. The Dow Jones Industrial Average increased by 58 points, or 0.1%. The Nasdaq composite also saw a 0.1% increase. Despite this recovery, strategists warn of continued market volatility, especially with the looming April 2nd deadline for Trump's global tariffs. These tariffs, aimed at addressing trade imbalances, have already impacted confidence among U.S. households and businesses, potentially leading to reduced spending and economic slowdown. A report on consumer confidence is expected to show a decline. In company news, KB Home fell 6.6% after reporting weaker-than-expected profits, and McCormick dropped 4.2% due to consumer uncertainty. Tesla's European sales declined by nearly half in the first two months of the year. Overseas, Asian markets showed mixed performance, while European markets generally rose. Treasury yields remained relatively stable, with the 10-year yield at 4.33%.