“Dow jumps 700 points to snap four-day losing run as EU tariff delay lifts market…”
May 28, 2025
“Stocks rallied on Tuesday after President Donald Trump said over the holiday weekend that he agreed to delay tariffs of 50% on the European Union.
The Dow Jones Industrial Average gained 740.58 points, or 1.78%, to finish at 42,343.65, while the S&P 500 rose 2.05% to 5,921.54. Both snapped four-day losing streaks. The Nasdaq Composite popped 2.47% to 19,199.16 as technology names like Tesla saw outsized gains.
Trump on Sunday said that he would push back the 50% levy deadline on the EU to July 9 following a request from Ursula von der Leyen, the president of the European Commission. That comes after Trump last week proposed an import tax of 50% on the EU beginning June 1…”
https://www.cnbc.com/2025/05/26/stock-market-today-live-updates.html