Wall Street edged higher in a quiet Tuesday after roaring the day before on hopes that President Donald Trump’s tariffs may not be as sweeping as earlier feared.

The S&P 500 added 0.2% after jumping 1.8% Monday to one of its best days of the last year. The Dow Jones industrial average inched up by 4 points, or less than 0.1%, and the Nasdaq composite rose 0.5%.

U.S. stocks have recovered a chunk of their losses since the S&P fell 10% below its all-time high earlier this month, for its first “correction” since 2023. The S&P 500 is now down 6% from its record, and that drop has left the market looking less expensive than before, which had been a major criticism following its euphoric rise in earlier years.

On Wall Street, Trump Media & Technology Group climbed 8.9% after the company behind the president’s Truth Social platform said it had reached an agreement with Crypto.com to offer a suite of “America-First” investment funds.

Tesla rose 3.4% after drifting between modest gains and losses following more grim sales figures from Europe. Its stock nevertheless remains down nearly 29% for 2025 so far.

Homebuilder KB Home dropped 5.2% after reporting weaker profit and revenue for the latest quarter than analysts expected.

All told, the S&P 500 rose 9.08 points to 5,776.65. The Dow rose 4.18 to 42,587.50, and the Nasdaq composite climbed 83.26 to 18,271.86.

In the bond market, Treasury yields eased. The yield on the 10-year Treasury fell to 4.31% from 4.34% late Monday.

— Associated Press