BREAKING: Dow rebounds 1,300 points on rising hopes for tariff deals

BREAKING: U.S. stocks opened higher Tuesday, bringing momentary relief from a massive multi-day sell-off in response to President Donald Trump’s tariffs shock and even as trade tensions between the U.S. and China heated up.
The S&P 500 climbed as much as 3.3%. The tech-heavy Nasdaq opened 3.7% higher. The Dow Jones Industrial Average gained 3.6% or more than 1,300 points.
The reasons for the bounce are idiosyncratic. Some markets in Asia traded higher overnight — though this was partially in response to Chinese state funds stepping in to serve as a backstop to recent drawdowns. Japan’s Nikkei stock index also surged 6% after the White House indicated it was opening bilateral trade negotiations with the longtime U.S. ally.
European stocks climbed too, led by stronger outlooks in defense groups.
CNBC’s Dominic Chu has the latest.

For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/

» Subscribe to MSNBC: https://www.youtube.com/msnbc
» Subscribe to MSNBC on TikTok https://www.tiktok.com/@msnbc
» Subscribe to MSNBC on Instagram https://www.instagram.com/msnbc
Download our new MSNBC app for the latest breaking news and daily headlines at a glance: https://www.msnbc.com/information/download-msnbc-app-n1241692

Follow MSNBC Show Blogs
MaddowBlog: https://www.msnbc.com/maddowblog
ReidOut Blog: https://www.msnbc.com/reidoutblog

MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting experience to MSNBC primetime.

Connect with MSNBC Online
Visit msnbc.com: https://www.msnbc.com/
Subscribe to the MSNBC Daily Newsletter: https://link.msnbc.com/join/5ck/msnbc-daily-signup