NEW YORK (AP) — U.S. stocks are rallying Tuesday after companies reported fatter profits than expected, and other U.S. investments are also steadying a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.
The S&P 500 was 2.8% higher in afternoon trading. The Dow Jones Industrial Average was up 1,071 points, or 2.8%, as of 12:24 p.m. Eastern time, and the Nasdaq composite was 3.3% higher. Every major index has so far recovered from their sharp drop on Monday.
The value of the U.S. dollar also stabilized after sliding against the euro and other competitors, while
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