In a surprising shift, Trump has signaled a de-escalation in his rhetoric towards the Federal Reserve and China, leading to a significant rally in U.S. stock markets. The Dow surged over 1,000 points, buoyed by optimism that Trump will not fire Fed Chair Powell and may lower tariffs on China. This move comes amid warnings of impending financial turmoil, with Trump backtracking from earlier threats that had rattled investors. As a result, stocks across major indices, including the Nasdaq and S&P 500, also experienced substantial gains. Investors are hopeful that this signals a thaw in trade tensions and a more cooperative approach to economic policies.