XPost: alt.politics.trump, alt.fan.rush-limbaugh, or.politics   
   XPost: talk.politics.guns, sac.politics   
   From: nospam@ix.netcom.com   
      
   U.S. shares rebounded Tuesday, with major indexes gaining more than 1.5%   
   and big tech stocks regaining some ground lost a day earlier.   
      
   The rally accelerated midday after a Bloomberg report that Treasury   
   Secretary Scott Bessent said at an investor summit that he expects the   
   trade war with China to de-escalate and believes a deal can be reached.   
      
   The bounceback came despite fresh fallout from the Trump administration's   
   tariffs. Defense contractor RTX said it was bracing for an $850 million   
   financial hit, while Huggies maker Kimberly-Clark said a shifting “global   
   geopolitical landscape” was partly to blame for a lower profit outlook.   
      
   The International Monetary Fund slashed its U.S. and global economic   
   forecasts, warning that tariffs were ushering in a new era of slower   
   growth.   
      
   Goldman Sachs Chief Executive David Solomon said uncertainty was "too   
   high," holding back corporate decision-making and keeping asset prices   
   under pressure. And the IIF, a finance industry trade group, said the U.S.   
   faced a likely recession later this year.   
      
   Gold, meanwhile, cemented its status as the undisputed winner from this   
   month's tariff-fueled market turmoil. The precious metal, coveted in times   
   of uncertainty and stress, surged again early Tuesday to set a new record   
   high above $3,500 a troy ounce.   
      
   Investors' concerns over President Trump’s trade war and his threats of   
   firing Federal Reserve Chair Jerome Powell had stirred up market   
   volatility Monday. Trump reiterated his demand the Fed cut interest rates,   
   and blasted Powell.   
      
   In recent trading:   
      
   The Dow Jones Industrial Average climbed more than 700 points, or nearly   
   2%. The Nasdaq Composite rose 2.1%.   
      
   Treasury yields edged lower. The 10-year slipped below 4.39%.   
      
   Gold futures surged above $3,500 a troy ounce before paring back.   
      
   The Cboe Volatility Index retreated to around 30. Wall Street’s "fear   
   gauge" had jumped Monday.   
      
   Overseas stocks were mixed. European benchmarks mostly fell. Hong Kong’s   
   Hang Seng Index rose 0.8%, while Japan’s Nikkei 225 ticked lower.   
      
   Coming up:   
      
   Earnings are due from Tesla after the close. Analysts expect the EV   
   maker's quarterly profit fell from a year earlier.   
      
   —By Caitlin McCabe and Krystal Hur   
      
   https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-   
   22-25   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)