#MarketRebound NEW YORK, May 16 (Reuters) - The market's momentum following the trade truce between the United States and China has brought stocks back near historic highs, but caution regarding the economic consequences of the remaining tariffs and the higher valuations of stocks could slow gains in the short term.

The S&P 500 (.SPX) has surged 18% since reaching its lowest closing point for the year on April 8, erasing the benchmark index's losses for 2025 and placing it approximately 4% from its all-time high reached in February.