The EU on Monday agreed to speed up tariff talks with the US, easing concerns about a trans-Atlantic trade war. The move followed Trump’s announcement on Sunday that the US woul

President Donald Trump said over the holiday weekend that he agreed to delay tariffs of 50% on the European Union.

Industrial stocks were slightly higher as markets digested the latest tariff headlines amid benign economic indicators. Uber's stock extended their significant Thursday losses following Tesla's robotaxi announcement, despite Uber's own autonomous vehicle plans with Volkswagen, slated for a Los Angeles launch in early 2026.

US stocks suddenly leapt higher Tuesday, with prospects of a U.S.-EU trade deal setting up the pathway. The Dow Jones Industrial Average, S&P 500, and even Nasdaq shot up amid US President Donald Trump's decision to push back the implementation of whopping 50% tariffs.

Investors are awaiting economic data on durable goods, housing, and consumer confidence, along with comments from Minneapolis Federal Reserve President Neel Kashkari and New York Fed President John Williams.

Consumer discretionary stocks fell, while staples rallied as President Trump criticized China on trade negotiations, consumer confidence remained shaky, and inflation moved closer to target.

Tesla share price on Monday crashed as highly valued technology stocks at the Wall Street took a hit after rising rates tend to discount the present value of future profits. Tesla led losses among megacap and growth stocks with a 4.