Wall Street opened higher today, fueled by a positive outlook following the S&P 500’s recovery from its year-to-date losses. The index gained 0.24% while Dow Jones Industrial Average rose 0.2% and Nasdaq edged up 0.38%. This rise came as U.S. consumer price index data and a positive outlook on the U.S.-China trade deal spurred gains in equities on Tuesday, May 13th. As these positive market movements spread across risk assets, the S&P 500 erased its year-to-date losses. The Dow Jones Industrial Average also saw modest gains after slipping on Tuesday, while the Nasdaq index benefitted from tech optimism fueled by Nvidia’s strong performance. This bullish sentiment is expected to continue as tariffs and inflation concerns fade.