The U.S. stock market closed higher on Wednesday as President Trump indicated a less aggressive approach to trade with China. His comments about the Federal Reserve Chair and potential reductions in tariffs calmed investor anxieties that had been weighing on markets recently. 30, Dow Jones Industrial Average rose 419 points (1.07%), the S&P 500 climbed by 1.6%, while the Nasdaq gained a robust 2.5%. The market’s positive response was fueled by Trump’s assurances that he had no intention of firing Jerome Powell, as well as hints towards easing tariffs on Chinese imports. Despite these optimistic developments, it is important to note that Treasury Secretary Scott Bessent clarified that a unilateral offer to de-escalate trade tensions with China has not been made.