U.S. stock markets rallied for a third consecutive day, bolstered by strong performances from major tech companies and a shift in rhetoric from the Trump administration regarding tariffs and Federal Reserve Chair Jerome Powell. The Dow Jones surged nearly 500 points, while both the S&P 500 and Nasdaq enjoyed substantial gains fueled by optimism surrounding earnings reports and prospects for reduced tensions in trade negotiations with China. Analysts noted that easing fears over high tariffs and a more dovish Fed stance contributed to the positive market sentiment. Despite concerns about policy uncertainty, tech stocks, particularly Nvidia and Alphabet, stood out with impressive earnings that drove investor confidence. As the administration appears to soften its position on trade, markets reacted favorably, indicating a possible stabilization after recent volatility.