Wall Street gained ground by midday trading on Tuesday, as investor concerns over the economic impact of trade tensions continued to ease following recent signs that the Trump administration was taking a more conciliatory approach.
All major indexes were in positive territory, with tech stocks leading the way thanks to strong performances by Netflix Inc. (NASDAQ:NFLX) and Palantir Technologies Inc. (NASDAQ:PLTR), both rising about 6%.
The streaming giant climbed following a Wall Street Journal report that it plans to double revenue by 2030, citing sources. Netflix is set to release its first-quarter earnings on Thursday after market close.
The S&P 500 has now recovered nearly 80% of the losses suffered after Trump’s tariff announcement on April 2.
Among sectors, financials led the gains, climbing 1.3%, supported by strong …Full story available on Benzinga.com
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