#MarketRebound

(Bloomberg) -- US stocks jumped, wiping out Monday’s plunge, as traders unleashed risky bets that the White House will clinch crucial trade deals with top economic partners. The dollar recovered slightly from Monday’s lows while short-term Treasury yields climbed.

Most Read from Bloomberg The S&P 500 rose 2.5% — notching its best day since April 9 — after a series of reports nurtured Wall Street expectations that tariff-related hostilities are easing as the US makes progress in fleshing out agreements.

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Traders turned their attention to Tesla Inc.’s earnings after markets closed. The company reported adjusted earnings that missed analyst estimates and backed away from an earlier view for 2025 sales growth.

Shares were little changed in extended trading in New York as of 4:41 p.m. During the session, the stock rose 4.6% but remains 41% lower this year as controversy over CEO Elon Musk’s role in the federal government has contributed to a global