Reported about 16 hours ago
U.S. stock markets soared on Wednesday following President Trump's assurance that he does not intend to fire Fed Chair Jerome Powell, alleviating investor fears about the central bank's autonomy. Additionally, he indicated a potential rollback of steep tariffs on Chinese imports, contributing to a market rebound where the S&P 500 climbed 3% and the Nasdaq surged 4.2%. Companies like Tesla and Amazon registered significant stock gains, reflecting optimism about easing trade tensions.
Source: YAHOO