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Relief‑Rally: Trump Backs Off on Powell & Tariffs

Summary: Stocks staged a second straight rebound after President Trump said he has “no intention” of firing Fed Chair Jerome Powell and hinted at easing some China tariffs. Early gains faded but all three indexes still closed solidly higher.

Key Facts:

  • Dow: +1.1% · S&P 500: +1.3% · Nasdaq: +1.6%
  • VIX dropped below 24 for the first time in a week.
  • Financials and big‑tech led; UnitedHealth bounced 3% after Monday’s rout. Yahoo Finance

Topic in Depth:

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