Amid a market slump, Donald Trump executed an abrupt tone shift, reassuring markets. Dow Futures experienced a jump after Trump reassured stakeholders regarding Powell and tariffs. Following Trump’s statement that he has no plans to oust the Fed Chief, markets gained. CNBC noted that alongside Trump, figures like Bessent and Musk contributed to market reassurance. Stock markets rose as Trump announced plans to reduce tariffs on China ‘substantially.’
— new from Axios