US Stocks Bounce Back: A Late Rally Overcomes Trade and Recession Worries

Despite a day filled with uncertainty and concern over trade policies and recession fears, US stocks managed to end the session on a positive note. The Federal Reserve's decision to keep interest rates steady, coupled with hints of future rate cuts, provided some solace to investors. Fed Chair Jerome Powell's warnings about the impact of tariffs on inflation expectations added to the day's economic concerns.

By the close of the market at 4:00 pm ET, the Dow Jones Industrial Average and the S&P 500 had both climbed by 0.08%, while the Nasdaq 100 saw a more significant rise of 0.39%. Meanwhile, the euro experienced a slight decline against the dollar, selling for $1.08166.

This late rally showcases the resilience of the US stock market amidst global economic uncertainties. More updates to follow as the situation evolves.