#MarketRebound Treasury Secretary Scott Bessent told investors Tuesday that the US-China trade war is unsustainable and he expects the battle to de-escalate, a person familiar with the matter confirmed to CNN, giving a boost to a Wall Street rally that had taken shape this morning.

The Dow closed higher by 1,017 points, or 2.66%. The S&P 500 rose 2.51% and the tech-heavy Nasdaq gained 2.71%. The rebound helped recover the market’s losses on Monday, when a major sell-off gripped Wall Street.