The stock market rebound on Tuesday lost momentum as the major U.S. indexes pulled back from an earlier surge that saw them jump over 3%. At the start of trading, U.S. stocks soared at the fastest pace since 2022, according to Bloomberg data, before sliding back as the White House confirmed it planned to go ahead with tariffs as steep as 104% on China. The gyrations come amid intense volatility in financial markets — Monday recorded the highest trading volume for U.S. markets in 18 years, CNBC noted.
