US Stocks Surge as Trump Backtracks on Powell, China Hopes Rise

US Stocks Surge as Trump Backtracks on Powell, China Hopes Rise
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US stock futures are surging after a strong rally on Tuesday, fueled by President Trump’s reassurance on Fed Chair Jerome Powell and optimism over US-China trade tensions. The Dow, S&P 500, and Nasdaq all posted significant gains, with Tesla shares climbing despite missing earnings expectations.

  • Dow futures up 500 points, S&P 500 and Nasdaq futures surge 80 and 320 points respectively.
  • Trump's reassurance on Powell and Bessent's US-China trade optimism fuel market rally.
  • Tesla shares gain 5% in after-hours trading despite missing Wall Street expectations.
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