Volatility and uncertainty have been playing foul in the U.S. stock market over the past couple of months. While the list of worries include higher rates, Washington turmoil, and tech selloff, the latest reason for the sluggish trading remains fears over a trade war between the United States and China.

The U.S.-China trade dispute accelerated after the world's second-biggest country announced a new tariff of 25% on $50 billion of U.S. goods, including soybeans, aircraft and autos in response to a proposed U.S. tariff hike on $50 billion worth of Chinese goods. Last weekend, China came lashing down on America and Trump's tariff on steel and aluminum import with a retaliatory tariff of up to 25% on 128 American food products, including dried fruits, sparkling wine and stainless steel pipes, effective Apr 2.

However, the concerns have eased after reports revealed that the Trump administration is in negotiation with China rather than a trade war. This coupled with growing economy and strong Q1 earnings season have pushed the stocks higher with the major bourses turning green for the year. The confidence in the economy and the nine-year old bull market has been robust buoyed by increasing consumer spending, rising consumer confidence and 17-year low unemployment.