US stocks reversed their gains on Wednesday as markets remained unsettled by US-China trade tensions amid hopes for interest rate cuts and strong results from Wall Street banks. Gains slipped after a stronger start to the session,

U.S. stocks respond to China trade tensions and the big banks get the third quarter earnings season into gear.

President Donald Trump announced Friday he would implement new 100% tariffs on imports from China starting next month in response to what he called "aggressive" moves by China regarding export controls. In a social media post, Trump said the new tariffs would take effect Nov. 1.

Hours later, Trump posted his less confrontational talk about China on Truth Social. The backtrack in anger, which also came before trading began on Wall Street, raised hopes that the world’s two largest economies could find a way to allow global trade to continue smoothly.

Stocks are rebounding from Friday’s selloff after President Trump said trade relations with China “will all be fine.”

Wall Street rebounds as Treasury warns of China tensions; banks report strong earnings amid trade uncertainties.

US tech stocks and cryptocurrencies were hit hard by a stock market selloff as tariff-driven trade tensions return

Live Updates Live Coverage Has Ended No updates were posted during this live coverage. After yesterday’s massive swings, the Vanguard S&P 500 ETF (NYSEMKT: VOO) is showing big signs of life thanks to impressive earnings.

8. Johnson & Johnson reported quarterly earnings and revenue beats, raised its full-year sales outlook, and announced plans to spin off its orthopedics business. CEO Joaquin Duato keeps surprising us. With separation, the growth rate gets stronger, and the multiple goes higher.