US stocks surge on Trump's tariff reprieve

The Dow rose 740.58 points, or 1.78%, to 42,343.65, the S&P 500 gained 118.72 points, or 2.05%, to 5,921.54 and the Nasdaq gained 461.96 points, or 2.47%, to 19,199.16.

NEW YORK: Wall Street surged on Tuesday as investor risk appetite was buoyed by US President Donald Trump's latest tariff respite and an unexpected jump in consumer confidence.

A broad rally sent all three major US stock indices higher, with strength in the AI-related "magnificent seven" group of momentum stocks putting the tech-laden Nasdaq out front.