The market is flashing a "rare and bullish" signal that could indicate even more gains ahead, according to Ryan Detrick, chief market strategist for the Carson Group.
Wharton Professor of Finance and WisdomTree Senior Economist Jeremy Siegel says the U.S.-China trade deal was a lot better than anyone was anticipating, and he expects it to stay that way.
Economists and analysts are pleased overall with April's CPI data, but there is some disagreement as to the effect of tariffs and a possible increase in inflation later this year.
Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges from the Middle East.
A Microsoft spokesperson told CNBC that the software giant continues to implement “organizational changes necessary to best position the company for success in a dynamic marketplace.”
The deal between Nvidia and Humain came during U.S. President Donald Trump's visit to the Gulf, which includes a strategic economic pact with Saudi Arabia to boost U.S. investment in the region.
Morgan Stanley economists said an acceleration in new car prices may have been partly offset by another month of negative used car inflation and a declaration in apparel prices.
Summers said China didn't make any consequential or significant change in its policies and that it was the U.S. that made a retreat from its extreme tariff policy.
Tariff news flow, first-tier economic data, and a few earnings reports could decide the day's trading direction, although the momentum is decisively in favor of further gains.
