Wall Street is experiencing a shaky breath of relief after a dramatic sell-off that had investors clutching their pearls over the state of the economy. After weeks of watching stocks careen wildly, swinging up and down like a teenager’s mood on TikTok, the dust is starting to settle.

On Tuesday, the S&P 500 managed to rise by 0.2%, providing a smidge of hope in a market that recently dipped nearly 9% below its all-time high. Meanwhile, the Dow was down 132 points, or 0.3%, after falling more than 1,100 points just the day before. The Nasdaq composite climbed by 0.8%, a small victory for tech investors.

What’s stirring this newfound optimism? Enter Tesla, riding in like a noble steed on a hilltop, as its stock bounced back by 5.9%, providing a glimmer of hope amidst the chaos. Just last week, the electric car giant saw its shares tumble 15.4%, leaving it deep in the red for the year. President Trump, in an unusual show of buddyism with Elon Musk, claimed he’d buy a Tesla, half-heartedly suggesting loyalty to the “genius” behind the wheel of innovation.

This rollercoaster ride isn’t just limited to Elon’s baby, though. Other Big Tech players are also making slight recoveries, with NVIDIA inching up 3.2% to reduce its significant 17.8% loss for the year, a result of, well, a market that seems to think AI stocks are now overpriced.

But amidst all this upswing, don’t pop the champagne just yet. Alarm bells are still ringing about the economy as Trump’s harebrained tariff policies and nervous investor sentiment leave many wondering if they should pack their bags for a recession trip.

Delta Air Lines noted a drop in consumer confidence affecting their demand for short-term flight bookings, chopping their revenue growth forecast from 7-9% down to just 3-4%. Meanwhile, Southwest Airlines is facing its own woes but managed an 8% rally after announcing baggage fees, because who doesn’t love a surprise charge while Booking flights?

So while the stock market may have caught a tiny breath, let’s not forget that chaos is always lurking just around the corner. Investors and consumers alike are left in an economic limbo, hoping for stability but preparing for whatever hot mess the market throws next. One thing is for sure though: No one truly trusts Wall Street, and that skepticism remains thick in the air.