#USChinaTensions The recovery was sparked in part by a strong earnings report from JPMorgan Chase, which posted $5.07 EPS on $45.31 billion in revenue, beating analyst expectations. However, JPMorgan CEO Jamie Dimon warned of “considerable turbulence” ahead due to ongoing macroeconomic instability.

Meanwhile, gold surged above $3,200, hitting a record high as investors sought safe-haven assets.