NEW YORK — (AP) — Calm is returning to Wall Street Tuesday, and tech stocks are leading U.S. stock indexes higher following a strong profit report from Palantir Technologies, a darling benefitting from the artificial-intelligence boom.
The S&P 500 was up 0.6%, as of 10:55 a.m. Eastern time, a day after swinging sharply on worries that President Donald Trump’s tariffs could spark a trade war that would hurt economies around the world, including the United States.
The Dow Jones Industrial Average was up 25 points, or 0.1%, and the Nasdaq composite was 1.2% higher.
Trump on Monday agreed to delay his taxes on U.S. imports of Canadian and Mexican productsfor a month, with the announcement on Canada coming after trading closed for the day. That bolstered Wall Street’s longstanding hopes that Trump’s tough talk on tariffs may be just that, talk. The hope is that Trump sees tariffs as a stick he can use in negotiations with …