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Wall Street recovers Monday’s loss as the dollar, bond markets steady

NEW YORK (AP) — U.S. stocks are jumping in a widespread rally Tuesday, and other U.S. investments are steadying a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.

The S&P 500 was up 2.4% in late trading. The Dow Jones Industrial Average was up 996 points, or 2.6%, with an hour remaining in trading, and the Nasdaq composite was 2.7% higher. All three indexes more than made up their big losses from the start of the week.

The value of the U.S. dollar also stabilized after sliding against the euro and other competitors, while Treasury yields held steadier as more calm returned to financial markets. Sharp, unusual moves for the dollar and for Treasurys have recently raised worries that Trump’s policies are making investors more skeptical about U.S. investments’ reputation as the world’s safest.

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