Stocks Ended Higher, Tech Rebounded

U.S. stocks ended higher on Tuesday on signs of easing trade tensions and following remarks by Federal Reserve Chairman Jerome Powell that were seen as opening the door to a rate cut if the economy slows. The Dow Jones Industrial Average rose 512.40 points, or 2.06%, to 25,332.18. The S&P 500 advanced 58.82 points, or 2.14%, to 2,803.27. The Nasdaq Composite rallied 194.10 points, or 2.65%, to 7,527.12.

Oil futures recovered from early losses Wednesday to end higher in the wake of a four-session losing streak that had threatened to push U.S. prices into bear-market territory. West Texas Intermediate crude for July delivery added 23 cents, or 0.4%, to settle at $53.48 a barrel. August Brent rose 69 cents, or 1.1%, to finish at $61.97 a barrel.

Federal Reserve Chairman Jerome Powell on Tuesday said the central bank was watching how trade disputes that have flared in recent days and weeks are impacting the economic outlook and assured markets that policy makers would “act as appropriate” to sustain the expansion.