The S&P 500 was 2.9% higher in early trading, coming off a big gain Tuesday that wiped out a loss that was nearly as big on Monday. The Dow Jones Industrial Average was up 967 points, or 2.5%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 3.7% higher.

NEW YORK (AP) — U.S. stocks are rallying Tuesday after companies reported fatter profits than expected, and other U.S. investments are also 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.