Overview

• Futures tied to major stock indexes surged Tuesday evening, with the S&P 500 up 1.6%, Nasdaq 100 up 1.8%, and Dow Jones Industrial Average futures rising 1.4%.
• President Trump announced he has "no intention" of firing Federal Reserve Chair Jerome Powell, reversing recent criticism of Powell's leadership.
• Treasury Secretary Scott Bessent suggested a possible easing of US-China trade tensions, stating the current tariff situation is unsustainable.
• Earlier this month, President Trump paused most reciprocal tariffs for 90 days but maintained a 145% duty on Chinese imports, prompting a 125% retaliatory tariff from Beijing.
• Gold futures remain elevated, rising over 8% in April to $3,419.40, as investors continue to seek safe-haven assets amidst ongoing economic uncertainty.