The rebound of the US stock market since Trump's suspension of tariffs is quickly reversing, a further 5% drop will retest the April lows

Forexlive analyst Adam Button: This week started poorly for the US stock market, as ongoing sell-offs continued to push the markets down, with the S&P 500 falling by 3.3%, and almost no rebound today. Zooming out to the daily charts, the rebound since Trump's suspension of reciprocal tariffs (April 9th, US time) is quickly fading, and another 5% drop will retest the April lows. I wouldn’t want to be among the companies reporting this week, with Tesla and Google garnering the most attention, although many other company reports can provide some economic insights.