U.S. stocks ended higher on Tuesday, after U.S. President Donald Trump softened his stance on tariff threats toward the European Union, signaling that trade negotiations were regaining momentum.
The Dow Jones Industrial Average rose 740.58 points, or 1.78 percent, to 42,343.65.
The S and P 500 added 118.72 points, or 2.05 percent, to 5,921.54.
The Nasdaq Composite Index increased by 461.96 points, or 2.47 percent, to 19,199.16.
All of the 11 primary S and P 500 sectors ended in green, with consumer discretionary and technology leading the gainers by rising 3.04 percent and 2.55 percent, respectively. Utilities posted the weakest growth, up by 0.77 percent.
Over the weekend, Trump announced he would delay a planned 50 percent tariff on EU imports until July 9, following a request from European Commission President Ursula von der Leyen. The delay came after Trump had previously proposed implementing the levy on June 1.
US stocks advance as Trump eases EU tariff threat
US stocks advance as Trump eases EU tariff threat
US stocks advance as Trump eases EU tariff threat
The death toll from a landfill collapse in the central Philippine city of Cebu has risen to eight by Monday morning as search and rescue operations continued for another 28 missing people.
The landfill collapse occurred on Thursday as dozens of sanitation workers were working at the site. The disaster has already caused injuries of 18 people.
Family members of the missing people said the rescue progress is slow, and the hope for the survival of their loved ones is fading.
"For me, maybe I’ve accepted the worst result already because the garbage is poisonous and yesterday, it was raining very hard the whole day. Maybe they’ve been poisoned. For us, alive or dead, I hope we can get their bodies out of the garbage rubble," said Maria Kareen Rubin, a family member of a victim.
Families have set up camps on high ground near the landfill, awaiting news of their relatives. Some people at the site said cries for help could still be heard hours after the landfill collapsed, but these voices gradually faded away.
Bienvenido Ranido, who lost his wife in the disaster, said he can't believe all that happened.
"After they gave my wife oxygen, my kids and I were expecting that she would be saved that night because she was still alive. But the night came and till the next morning, they didn't manage to save her," he said.
Death toll in central Philippine landfill collapse rises to eight
