Zinger Key Points
- Trump trade talk optimism fuels early Wall Street rally; S&P 500 jumps 3% after four-day losing streak.
- Financials, tech, and consumer discretionary sectors rebound sharply after recent sell-offs.
- China’s new tariffs just reignited the same market patterns that led to triple- and quadruple-digit wins for Matt Maley. Get the next trade alert free.
U.S. stocks surged in early trading Tuesday after President Donald Trump hinted at progress on some trade deals with key trading partners, easing fears of global trade disruption stemming from recent tariff announcements.
The S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust SPY, surged 3% by 9:45 a.m. in New York, clawing back some of the 10% it had lost over the previous four sessions.
Other major indices also showed robust gains, with the tech-heavy Nasdaq 100 – tracked by the Invesco QQQ Trust, Series 1 QQQ – outperforming counterparts amid broad-based rallies in mega-cap and semiconductor stocks.
| Major Indices | Price | Chg | % |
| Nasdaq 100 | 18,025.43 | +594.75 | 3.4% |
| Dow Jones | 39,121.15 | +1,155.55 | 3.0% |
| S&P 500 | 5,213.82 | +151.57 | 3.0% |
| Russell 2000 | 1,858.95 | +48.84 | 2.7% |
After suffering steep losses in recent sessions, investors poured back into financials, tech, and consumer discretionary, which were the top-performing sectors on Tuesday.
Semiconductors were the standout industry group, with the iShares Semiconductor ETF SOXX rallying 4.5%.
| S&P Sector ETFs | % |
| Financial Select Sector SPDR Fund XLF | 4.0% |
| Technology Select Sector SPDR Fund XLK | 3.8% |
| Consumer Discretionary Select Sector SPDR Fund XLY | 3.0% |
| Communication Services Select Sector SPDR Fund XLC | 2.9% |
| Health Care Select Sector SPDR Fund XLV | 2.7% |
| Industrials Select Sector SPDR Fund XLI | 2.7% |
| Energy Select Sector SPDR Fund XLE | 1.8% |
| Real Estate Select Sector SPDR Fund XLRE | 1.4% |
| Materials Select Sector SPDR Fund XLB | 1.4% |
| Utilities Select Sector SPDR Fund XLU | 1.3% |
| Consumer Staples Select Sector SPDR Fund XLP | 1.2% |
Trump Sparks Optimism With Trade Talk Blitz
The catalyst behind the rally was a lengthy post on Truth Social by Trump, in which he described a "great call" with South Korea's acting president.
The president said South Korea is sending a "top team" to the U.S. for negotiations, calling the process “one-stop shopping” for trade and military agreements.
In a CNN interview, South Korea’s acting president confirmed the country would not align with China and Japan to counter U.S. tariffs.
Seoul faces 25% tariffs under Trump's global tariff rollout. Instead, it aims to strike a bilateral agreement with the U.S. to avoid a blow to its export-driven economy.
Trump also hinted at more openness in trade negotiations with China after threatening Monday to impose a 50% tariff on top of the 54% already levied.
“China also wants to make a deal, badly, but they don’t know how to get it started,” Trump wrote.
“We are waiting for their [China's] call. It will happen!” he added, suggesting renewed momentum on U.S.-China trade talks.
Senior White House economic adviser Kevin Hassett echoed the optimism, telling Fox News that the Trump administration is focusing on countries with "large trade deficits" with the U.S. He emphasized that "fair and reciprocal trade" remains the administration’s goal.
Mega-cap stocks (S&P 100): Top 7 performers
Among S&P 100 companies, CVS Health Corp. CVS led gains with a 9.26% surge, followed by Broadcom Inc. AVGO and UnitedHealth Group Inc. UNH.
| Company | Last | % Change |
|---|---|---|
| CVS Health Corp. | 69.76 | +9.26% |
| Broadcom Inc. | 168.07 | +9.04% |
| UnitedHealth Group Inc. | 563.81 | +7.45% |
| NVIDIA Corp. NVDA | 104.71 | +7.24% |
| Meta Platforms Inc. META | 545.01 | +5.57% |
| Tesla Inc. TSLA | 246.28 | +5.57% |
| JPMorgan Chase & Co. JPM | 226.30 | +5.53% |
The biggest market-moving headline of the session was the explosive increase in market capitalization among the Magnificent Seven — Apple Inc. AAPL, Microsoft Corp. MSFT, Amazon.com Inc. AMZN, Alphabet Inc. GOOGL, Meta Platforms Inc., Tesla Inc., and NVIDIA Corp. — which collectively added over $564 billion in market value.
| Company | Market Cap gain |
| NVIDIA | $165.82 B |
| Apple | $92.40 B |
| Microsoft | $85.39 B |
| Amazon | $70.02 B |
| Meta Platforms | $67.36 B |
| Alphabet (Google) | $48.48 B |
| Tesla | $35.19 B |
| Total Market Cap Gain | $564.66 billion |
Nasdaq 100: Standout Performers
AppLovin Corp. APP was the top gainer in the Nasdaq 100, soaring 10.62%, while Marvell Technology Inc. MRVL and Broadcom Inc. AVGO followed with strong moves.
| Company | Last | % Change |
|---|---|---|
| AppLovin Corp. | 256.89 | +10.62% |
| Marvell Technology Inc. | 55.76 | +9.34% |
| Broadcom Inc. | 168.19 | +9.12% |
| Palantir Technologies Inc. PLTR | 84.79 | +8.93% |
| Arm Holdings plc ARM | 95.91 | +8.21% |
| NVIDIA Corp. NVDA | 104.65 | +7.18% |
| MercadoLibre Inc. MELI | 1,921.14 | +7.04% |
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