A merchant works on the New York Stock Exchange Prosecutor’s Office (NYSE) at the opening bell on March 5, 2025 in New York.
Timothy A. Clary | AFP | Getty images
The term contracts on shares climbed Tuesday evening after President Donald Trump said that he did not plan to withdraw the president of the Federal Reserve Jerome Powell from his post of Central Bank chief.
Dow Jones Industrial Middle Tower increased by 522 points, or 1.3%. Future linked to S&P 500 jumped 1.7%, while Nasdaq 100 Futres jumped 1.8%.
The term rally came after Trump said late Tuesday that he had “no intention” to dismiss Powell, whose mandate as president of the Fed will end in May 2026.
The commentary is a kind of reversal for the president, who pulled beards against Powell as recently as on Monday, qualifying the head of the central bank “major loser” and demanding that interest rates drop. Last week, Trump said in a social position that “Powell’s termination cannot come quickly enough”.
Actions come out of a winning session, with the 30 actions Dow The rise up more than 1,000 points to end a four -day sequence. Both S&P 500 and the Nasdaq Composite jumped more than 2%.
The feeling of investors in the regular session seemed to be helped by the comments of the Treasury Secretary Scott Bessent, who alluded to the possibility of “de -escalation” in the Trump trade war with China. “No one thinks that the current status quo is sustainable,” said Bessent by speaking with a group of investors on Tuesday during a meeting organized by Jpmorgan Chase, according to a person in the room.
The comments of the Treasury Secretary seemed to appease the concerns of investors concerning trade policy tensions. Although Trump earlier this month issued a 90-day break on a large part of his “reciprocal” prices, he left an obligation of 145% in China. Beijing responded with a 125%reprisal rate, which further increased the already trembling relations between the United States and China.
Even if the shares have jumped during the session, nervous investors have faced security assets in complete safety in recent weeks. Gold future are up more than 8% in April, and they hit a summit of $ 3,509.90 on Tuesday.
“There is a ton of money hiding in gold for the moment, so there is a lot of unproductive money that will find its way on the market at a given time,” said Jamie Cox, director of Harris Financial Group. “The money is there, it’s just yellow right now.”
