Mumbai, Oct. 14 -- The Nasdaq spiked 490.18 points or 2.2 percent to 22,694.61, the S&P 500 shot up 102.21 points or 1.6 percent to 6,654.72 and the Dow jumped 587.98 points or 1.3 percent to 46,067.58.

Wall Street rebounded sharply as investors scooped up stocks after last week's steep sell-off driven by U.S.-China trade tensions. Markets found relief after Donald Trump struck a conciliatory tone toward President Xi, reassuring that both nations aimed to avoid economic harm and restore stability.

With the U.S. government shutdown delaying key economic reports, traders are turning their focus to corporate earnings. Major banks like JPMorgan, Goldman Sachs, and Citigroup are set to announce results, likely steering market sentiment in th...