Stocks found support from afternoon news reports that the U.S. and the EU are working toward a deal that would set a 15% tariff on most imports. Earlier, Bloomberg reported that the EU may hit U.S. goods with a 30% levy if no agreement is reached before an Aug. 1 deadline set by President Donald Trump.

So far, earnings have proved largely positive, with tariff-driven market volatility boosting profits at banks and brokerages.

Musk reiterated that paid fully autonomous rides using Model Ys will begin in Austin by June, with broader U.S. rollout by year-end.