S&P 500 Wipes Out 2% Drop for First Time Since ‘22: Markets Wrap

The great Wall Street rebound resumed in earnest as stocks staged a late-day comeback even as fears grow that the US economy will buckle under the weight of Donald Trump’s trade war.

A month of historic volatility ended on that same note, with the S&P 500 wiping out a 2% slide for the first time since 2022. Hopes that trade talks will prove constructive firmed up sentiment, after a report that the US has been proactively reaching out to China through various channels. At the same time, a cohort of investors is betting the Federal Reserve will administer its policy medicine to forestall a recession.