Nvidia jumps more than 5% on chip deal with Saudi Arabia as S&P 500 erases 2025 losses

• The S&P 500 rose again Tuesday thanks to the 90-day pause on tariffs on Chinese goods and Nvidia's announcement of a partnership with Saudi Arabian AI startup Humain. The benchmark index has now erased its losses for the year.

The S&P 500 rose around 0.72% Tuesday, erasing losses for the year after Monday's news that the Trump administration reached a 90-day agreement with China to slash reciprocal tariffs.

The Nasdaq Composite also closed around 1.6% higher...