The Nasdaq surges 4% as the president backtracks on his stance, no longer seeking to dismiss the Fed chairman and aiming for a tariff agreement with China. Donald Trump is now spending more time retracting his statements than he did destabilizing the market with his trade war and harsh remarks against almost everyone,

U.S. stock index futures leapt on Wednesday after President Donald Trump pulled back on his threats to fire Federal Reserve Chair Jerome Powell and raised hopes for a trade deal with China. Shares of Tesla,

U.S. stocks were higher after President Donald Trump said he has “no intention” of firing the Fed chair and was said to be mulling lighter tariffs.