Trade deals are driving the recovery for U.S. stocks with the S&P 500 erasing all of its losses post Liberation Day. President Trump continues his Middle East trip striking partnerships and investments,

President Donald Trump arrived in Riyadh on Tuesday to a royal-purple-carpet rollout and a motorcade ride ensconced by a calvary of Arabian horses – a daylong kickoff to the first major international trip of his second term.

Trump’s first extended overseas trip of his second term will see him talking to leaders of Saudi Arabia, Qatar and the United Arab Emirates. He also plans to meet with Syrian President Ahmad al-Sharaa.

Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

The Trump family’s business ties to the Middle East have more than tripled since the president’s first term in office, a CNN a tally of the deals has found – including a slew of new projects announced since he reclaimed the White House.

President Donald Trump departed Monday for a four-day tour of the Middle East as he works to secure new investments for the United States and new progress on diplomatic issues, including a Gaza cease-fire.

A series of side deals by the U.S. administration is raising questions about how closely in sync the allies are over major challenges in the region.

Hamas says it will release an American-Israeli hostage held in Gaza later in the day. The Palestinian militant group said Edan Alexander would be freed on Monday as a goodwill gesture to the Trump administration.

The billionaire newspaper owner is getting closer to the president.