India, April 8 -- US stock markets on Tuesday bounced back to recover their historic losses after Monday saw a global downturn due to President Donald Trump's tariff announcements over the last week.

The S&P 500 was up 3.7 per cent in morning trading, the Dow Jones Industrial Average was up 1,363 points, or 3.6 per cent, and the Nasdaq composite was 4.2 per cent higher.

On Wall Street, health insurance companies saw peaks with Humana jumping 13.5 per cent higher, United Health up 8.9 per cent and Elevance climbing 6.6 per cent. The rise followed the announcement of an expected increase in Medicare Advantage payments in 2026, reported Associated Press.

Levi Strauss also made big gains, rising 5 per cent after reporting the profit for it...