NEW YORK —

Wall Street’s roller-coaster ride created by President Donald Trump’s trade policies whipped back upward on Tuesday, this time because of a delay for his tariffs on the European Union.

The S&P 500 leaped 2% in its first trading since Trump said Sunday that the United States will delay a 50% tariff on goods coming from the European Union until July 9 from June 1. The European Union’s chief trade negotiator later said on Monday that he had “good calls” with Trump officials and the EU was “fully committed” to reaching a trade deal by July 9.

The Dow Jones Industrial Average jumped 740 points, or 1.8%, and the Nasdaq composite rallied 2.5%. They more than recovered their losses from Friday, when Wall Street’s roller coaster dropped after Trump announced the tariffs on France,

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