Investors want trade deals, but the state of negotiations remains fragile. Much of the good news appears to be already reflected in the stock market.

President Donald Trump said the faltering stock market "is Biden’s Stock Market, not Trump’s" and that a downturn wasn't due to tariffs. Our graphic shows how the markets responded after Trump made various tariff announcements.

In 100 days full of surprises for investors, the S&P 500 and Dow nearly recouped their April declines – even with a worse-than-expect GDP report.