NEW YORK] Wall Street stocks mostly rose on Tuesday after data showed US inflation easing in April, extending the market’s positive momentum on the improving outlook for trade relations with major partners.

The S&P 500 and Nasdaq rose on Tuesday as investors analyzed new inflation data and considered what it might mean for monetary policy. Click to read.

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A deal with China is a relief to investors who worried 145% tariffs would severely limit trade, raise prices and hurt the US economy.

The S&P 500 rose 0.8% on the day, while the Nasdaq Composite jumped 1.6%, driven by gains in technology and semiconductor stocks.

The S&P 500, which plummeted as much as 12% in the days following the "Liberation Day" tariff announcement, is now up over 3% since.

U.S. stocks are mixed after overall April inflation eased but a narrower measure stripping out volatile sectors that the Fed eyes remained unchanged.

The Dow Jones Industrial Average falls 0.6 per cent to 42,140.43. Read more at straitstimes.com. Read more at straitstimes.com.

US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,