LIVE MARKETS-Nasdaq ends more than 1% higher as market recovers

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NASDAQ ENDS MORE THAN 1% HIGHER AS MARKET RECOVERS

U.S. stocks ended higher on Tuesday, with the Nasdaq .IXIC rising more than 1% as indexes recovered from losses on Monday with shares of Palantir Technologies PLTR.O gaining 24% after the company late Monday gave an upbeat 2025 revenue outlook.

Investors were monitoring the latest news about tariffs. U.S. President Donald Trump said on Tuesday he is in no hurry to speak to Chinese President Xi Jinping to try to defuse a new trade war between the world's two largest economies sparked by his sweeping 10% tariffs on all Chinese imports.

New 10% U.S. tariffs on Chinese imports took effect on Tuesday, and China countered with levies on U.S. goods.

Trump also said over the weekend he would impose a 25% tariff on goods from Mexico and Canada, but has agreed to a 30-day pauses for both countries.

Here is the closing market snapshot:

(Caroline Valetkevitch)

FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:

STERLING SWERVES TARIFF WARS - CLICK HERE

CAREFUL, IS THAT THE FEDERAL BUREAUCRACY, OR PANDORA'S BOX? - CLICK HERE

TWO-FER TUESDAY: JOLTS, FACTORY ORDERS - CLICK HERE

META SHARES POISED FOR RECORD WINNING STREAK ON FACEBOOK'S 21ST BIRTHDAY - CLICK HERE

WALL STREET GAINS EARLY; PALANTIR TECHNOLOGIES RALLIES - CLICK HERE

NASDAQ COMPOSITE: LOTS OF CHOP AS TRIES TO AVOID A BIGGER DROP - CLICK HERE

WATCH OUT INVESTORS, IT'S THE YEAR OF THE SNAKE - CLICK HERE

EQUITIES AND THE EURO: IT'S COMPLICATED - CLICK HERE

A "FASCINATING" EARNINGS SEASON AHEAD FOR UK BANKS - CLICK HERE

BACK TO EARNINGS - CLICK HERE

EUROPE BEFORE THE BELL: HERE WE GO AGAIN - CLICK HERE