How the S&P 500 recovered all of its losses for the year

Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Wednesday, May 14, 2025. (AP Photo/Richard Drew) NEW YORK — Conditions appeared dire for the stock market in early April. President Donald Trump followed through on a campaign promise and announced sweeping tariffs against most U.S. trading partners. The S&P 500 dropped 12 per cent in four days. Economists warned of a recession. Consumer confidence, already waning, weakened further. Corporate executives struggled to give investors a clear picture of their financial prospects. This week, though, the S&P 500 rallied 5.3% and turned positive for 2025. Just a…