Overview

• The Dow Jones Industrial Average rose 948 points, or 2.5%, by midday Tuesday, with the S&P 500 and Nasdaq also posting significant gains.
• Global markets mirrored the recovery, with Japan's Nikkei 225 up 6%, Europe's STOXX 600 up 2.7%, and Canada's TSX composite index climbing 134 points.
• President Trump signaled progress in trade talks, citing a positive call with South Korea and expressing openness to negotiations with China.
• Treasury Secretary Scott Bessent revealed that nearly 70 countries have approached the U.S. to discuss rebalancing global trade and adjusting tariffs.
• The rebound follows Monday's historic trading volume and steep losses, which raised recession fears after sweeping tariffs were imposed last week.