On Tuesday, US stocks experienced a significant rebound, recovering from a severe loss earlier in the week. The Dow Jones gained over 400 points, while the S&P 500 and Nasdaq also rose substantially. This bounce occurred against a backdrop of escalating US-China trade tensions and President Trump's public critiques of Federal Reserve Chair Jerome Powell. Trump's claims about necessary rate cuts and potential for Powell's removal have further fueled market volatility, with analysts highlighting the uncertainty surrounding tariffs and economic impacts on investors' sentiment.
"There's just so much uncertainty right now with the tariff cycle and with the economy. Adding one more layer of uncertainty with Jerome Powell just adds more volatility to the markets overall."
"The broader market has been under pressure since Trump's April 2 announcement of sweeping 'reciprocal' tariffs, a policy shift that has shaken global financial markets."
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