U.S. stocks rallied and won back most of their sharp loss from last week. The S&P 500 jumped 1.5% Monday to follow up its worst day since May with its best since May.

U.S. stocks are rallying and recovering much of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street.

Asian shares advanced on Tuesday, following U.S. stocks higher after they won back most of their sharp loss from last week. Investors appeared to have recovered some confidence after worries over how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street last week.