Calm returned to Wall Street Tuesday, and tech stocks led U.S. indexes higher following a strong profit report from Palantir Technologies, a darling benefiting from the artificial-intelligence boom. The S&P 500 rose 0.

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The threat of a punishing trade war sent Wall Street on a roller coaster Monday. After initially falling sharply on worries about President Donald Trump’s tariffs, U.S. stocks pared their losses after Mexico said it had negotiated a one-month reprieve.

Calm returned to Wall Street, and tech stocks led U.S. indexes higher after a strong profit report from Palantir Technologies, which is benefiting from the AI boom.

Worries about President Donald Trump’s tariffs are hurting U.S. stocks. The S&P 500 sank 1.4% in early Monday trading following similar losses for markets across Asia and Europe

The S&P 500 was down 1% in morning trading following worse losses for stock markets across Asia and Europe. The Dow Jones Industrial Average was down 233 points, or 0.5%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 1.4% lower. The Dow had been down as many as 665 points in early trading.

The threat of a punishing trade war sent Wall Street on a roller coaster Monday. After initially falling sharply on worries about President Donald Trump’s tariffs, U.S. stocks pared their losses after Mexico said it had negotiated a one-month reprieve.

Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making. Alphabet fell 8.8% even though Google’s parent company reported stronger profit for the latest quarter than analysts expected.