Mumbai, April 24 -- The Nasdaq soared as much as 4.5% in early trading before pulling back but still closed up 407.63 points (2.5%) at 16,708.05. The S&P 500 also shot up 88.10 points (1.7%) to 5,375.86 and the Dow jumped 419.59 points (1.1%) at 39,606.57.

Stocks extended Tuesday's rally as President Trump softened his stance on Fed Chair Jerome Powell, saying he has no intention of firing him despite past criticisms. Trump also hinted at a less confrontational approach to China, suggesting the 145% tariff could be reduced. Treasury Secretary Scott Bessent echoed optimism, calling it an "incredible opportunity" for a trade deal. However, gains faded amid lingering market volatility driven by Trump's unpredictable remarks. Analysts noted ...