U.S. stocks opened higher Wednesday after President Donald Trump signaled a softer stance toward the eye-watering tariffs he had set for China, while also stating he would not make an immediate change in leadership at the Federal Reserve.

Investors were also cheered by Elon Musk's imminent return to a more full-time focus on Tesla, dialing back his controversial stint as a Trump White House adviser to one to two days a week.

Technology stocks declined Wednesday, led by a 6% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump's sweeping tariff plans could hamper demand and growth.

Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said that the government will require a license to ship the chips there and other destinations.

U.S. stocks are diving Thursday and surrendering much of their historic gains from the day before as President Donald Trump’s trade war continues to confuse and threaten the economy, even if its temperature has cooled a bit.

The S&P 500 was down 5% in midday trading, slicing into Wednesday’s surge of 9.5% following Trump’s decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average was down 1,724 points, or 4.2%, as of 12:40 p.m. Eastern time, and the Nasdaq composite was 5.7% lower.

During the first two turbulent months of President Donald Trump’s term, the White House has shrugged off scrutiny of its most controversial policies with a simple assertion: The American people voted for this.

Now, Trump allies and GOP voters spooked by the tariff-induced market crash are beginning to respond en masse: No, we didn’t.

Newsmax's stock broke records for initial public offerings in its first week of trading, becoming the first Regulation A+ offering to go directly to the NYSE's Big Board – while captivating the markets with a dizzying valuation.

After trading began Monday just before 11 a.m. ET, Newsmax (NMAX) soon found itself with a share price of $44.30 and a market capitalization of $4.18 billion.

The New York Times marveled that Newsmax's spectacular rise briefly put it at a richer valuation than U.S. Steel...

For the last decade, the media, Democrats, and Never Trump Republicans have denounced Trump as a tool of the rich and of Wall Street. Trump’s populism was fake, they said. He doesn’t really care about the working class. He just cares about himself and his Wall Street buddies.

Trump’s tariffs and Wall Street’s reaction to them prove that all of that was a lie, says Batya Ungar-Sargon, the author of two important recent books, one about the media (Bad News) and the other about the working class (Second Class).

President Donald Trump's sweeping tariff plans hammered global financial markets and U.S. stocks braced for more turmoil on Monday, after he warned foreign governments they would have to pay "a lot of money" to lift the levies he called "medicine".

Asian equity markets sank, European shares crashed to a 16-month-low and oil prices plummeted as investors feared the duties Trump announced last week could lead to higher prices, weaker demand and potentially a global recession.

China announced Friday it will impose 34% tariffs on the U.S., just days after President Donald Trump unveiled the same amount against Beijing under his reciprocal tariff plan.

In the upheaval of President Donald Trump’s blanket tariffs, China is seeking common cause with jilted partners of the United States as it tries to extend its influence and take center stage in a new trade order — rebuilt without Washington.

Global investors grappled on Thursday with rising chances of an economic downturn and a sprawling trade war, as they scrambled for safe-haven assets to buffer against fallout from U.S. President Donald Trump's sweeping tariffs.

Markets were stunned late on Wednesday when Trump announced Washington's steepest trade barriers in more than 100 years. The move slammed stock markets and the dollar as investors sought safety in assets like bonds and the Japanese yen.