Mumbai, April 23 -- The Dow soared 1,016.57 points (2.7%) to 39,186.98, the Nasdaq spiked 429.52 points (2.7%) to 16,300.41 and the S&P 500 shot up 129.56 points (2.5%) to 5,287.76.

Stocks substantially moved downwards amid lingering trade war concerns and President Donald Trump's continued attacks on Federal Reserve Chair Jerome Powell. Further buying interest was generated in reaction to reports indicating Treasury Secretary Scott Bessent told a closed-door investor summit he expects the trade dispute between the U.S. and China to de-escalate. Citing people who attended the session at an event hosted by JP Morgan Chase (JPM), Bloomberg reported Bessent said negotiations haven't started but that a trade deal with China is possible.

The...