NEW YORK: Stocks jumped and the dollar rose in a relief rally after President Donald Trump said he doesn’t plan to fire Federal Reserve Chair Jerome Powell and optimism grew that trade tensions with China may ease.
US equity-index futures soared, Treasuries rallied and a gauge of the dollar advanced for a second day in a broad lift for American assets. Asian shares gained at the open while the Aussie rose amid optimism of US trade talks with China. Shares of Tesla Inc. rose in after hours as Chief Executive Officer Elon Musk said he will step back "significantly” from the Department of Government Efficiency.
