US stocks jumped after President Trump said he has "no intention" of firing Federal Reserve Chair Jerome Powell, easing fears on Wall Street that the central bank's independence was under threat.

The Dow Jones Industrial Average (DJIA) index rallied on Wednesday as investors continued to regain confidence in the economy on updated trade

The major indexes picked up momentum Tuesday midday after Monday's severe sell-off. Tesla climbed ahead of the earnings report.

Stocks are on the rebound Tuesday, bouncing back from another miserable day on Wall Street. But American financial markets are sounding all sorts of alarm bells that one day in the green can hardly overcome.

U.S. markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve

The stock market tumbled Monday as Wall Street grapples with ongoing tariff uncertainty and President Trump's attacks on Jerome Powell.