The S&P 500 Index erased its year-to-date losses, and the U.S. stock market's rise continues.

On 13 May, U.S. stocks rose on Tuesday as the S&P 500 erased year-to-date losses as weaker-than-expected inflation data added momentum to the stock rally. Equity market action extended the rally over the past month, sending the S&P 500 up 0.1% for the year. Rising trade tensions had already hurt U.S. stocks ahead of Trump’s April 2 announcement of “Liberation Day” tariffs, with investors dumping U.S. assets and downgrading their expectations for economic growth, sending the index tumbling as much as 15%. But traders poured back into the stock market on April 9 after Trump suspended reciprocal tariffs on most countries. Shep Perkins, equity fund manager at Putnam Investments, said, “The main trend of the last few months has reversed in an instant. The US-China trade deal is a huge positive surprise.” ( gold ten )