Coinbase stock was up 25% in afternoon trading.

signalling a more open stance on exports to trusted allies such as Saudi Arabia

Most U.S. stocks rose Tuesday following an encouraging report that showed inflation had unexpectedly slowed across the country in April. The S&P 500 climbed 0.7 percent, coming off an even bigger gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations.

The relief over the trade truce between the U.S. and China is tepid among global businesses and investors given uncertainty over how long it might last and where tariffs might go in the months ahead.