Wall Street's main indexes rallied at the open on Wednesday after U.S. President Donald Trump dialed back on his threats to fire Federal Reserve Chair Jerome Powell and raised hopes for a trade deal with China.

But Wall Street has his ear. The president softened his hostile rhetoric toward China and Federal Reserve Chair Jerome Powell this week following Monday’s market sell-off and pr

U.S. stocks are leaping Wednesday as a worldwide rally comes back around to Wall Street following updates from Trump about his plans for the Fed and his trade war that investors found encouraging.