NEW YORK (AP) — U.S. stocks are gaining ground on Tuesday, and financial markets worldwide are holding relatively steady as the wait continues for more updates on President Donald Trump’s tariffs and how much they’re affecting the economy.

The S&P 500 was 0.6% higher in afternoon trading, coming off a modest gain that added to its stellar May . It's back within 3% of its all-time high set earlier this year after falling roughly 20% below two months ago.

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