The dollar fell and major U.S. stock indexes were mixed on Tuesday after data showed U.S. consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that have wreaked havoc on global markets.

The latest US consumer inflation report revealed easing prices in April as euphoria over the US-China trade truce faded.

Barclays went so far as to say it no longer expects a recession at all in 2025 after a gloomy prediction following Trump’s ‘Liberation Day’

Two Wall Street firms raised their year-end targets for the S&P 500 as Trump's latest tariff delay cools recession fears.

U.S. futures surged Monday after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since U.S. President Donald Trump began escalating

U.S. futures surged after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since U.S. President Donald Trump began escalating his trade war

U.S. stocks ended the week on a quiet note on Friday after oscillating between slight gains and declines, as investors gauged President Donald Trump's comments on Chinese tariffs ahead of weekend trade talks between the two countries.

Investors are also awaiting meetings between U.S. and China representatives over the weekend in Switzerland. Wall Street closed higher on Thursday after Britain and the U.S. struck the deal - the first of its kind since President Donald Trump paused his initial tariffs last month.

Asian shares advanced Tuesday after China and the United States announced a 90-day truce in their trade war, but the gains were tempered by uncertainties over the longer term, as analysts warned President Donald Trump’s policies could still quickly change.