Analysis-US stock market gains may slow after torrid rebound from tariff swoon
By Lewis Krauskopf
NEW YORK (Reuters) -Market momentum following the U.S.-China trade truce has put stocks back in sight of record highs but wariness about the economic fallout from remaining tariffs and higher equity valuations could slow gains in the near term.
The S&P 500 has soared 18% since hitting its low closing point for the year on April 8, erasing the benchmark index’s losses for 2025 and putting it roughly 4% from its all-time peak reached in February.
However, the S&P 500’s price-to-earnings ratio has hit a two-month high while 2025 profit growth estimates have fallen since the start of the year. While U.S. tariffs seem less harsh than before, the import levies still could pressure corporate profits and consumer…
