India, April 8 -- Stocks have moved sharply higher during trading on Tuesday, regaining ground following the nosedive seen late last week and early in Monday's session. The major averages have all shown strong moves to the upside after ending yesterday's highly volatile session mixed.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 665.55 points or 4.3 percent at 16,268.82, the S&P 500 is up 184.70 points or 3.7 percent at 5,246.95 and the Dow is up 1,321.11 points or 3.5 percent at 39,286.71.
The significant rally on Wall Street may partly reflect optimism about negotiations on President Donald Trump's new tariffs that could help avoid a global trade war.
Treasury Secretary Scott Bessent said appr...