Wall Street experienced significant gains as investors reacted positively to potential easing of trade tensions. The Dow soared nearly 500 points, with the S&P 500 surging over 1% on hopes for tariff concessions from the Trump administration. Automakers like Ford and General Motors saw substantial stock increases amid relief from delayed car tariffs. Despite some lingering uncertainties and weak jobs data, optimism prevails as U.S. officials hint at possible tariff negotiations. Global markets are also reacting favorably, contributing to a recovery in stock indices.