Stocks rebound for second consecutive day as the White House signals even more strongly it wants to make nice on tariffs

New York stock exchange floor (Credit: Michael Nagle—Bloomberg)

• All the major stock indexes went up on Wednesday after a morning speech by Treasury Secretary Scott Bessent that promised the U.S. would not abandon global trade. Elsewhere in the market, bond yields fell slightly, and the U.S. dollar rose, both encouraging signs. 

U.S. stocks continued to rally on Wednesday as markets welcomed news that the White House intended to soften its stance on its hard-line tariff policies.