The three major U.S. stock indices rose by at least 3%, Tesla increased by over 8%, and the two-year U.S. Treasury yield experienced a V-shaped reversal

The Dow Jones soared nearly 1,200 points—rising over 1,000 points for the second consecutive day, with an increase of more than 3%. The S&P 500 index is currently up 3.4%—the VIX volatility index has dropped by 11.0% intraday, the Nasdaq rose by 727 points, an increase of 4.4%, the Philadelphia Semiconductor Index rose over 6%, and the Bank Index rose about 5%. Tesla rose over 8%, and Apple rose over 4%. Gold prices maintained a decline of over 3%, and the yield on the 10-year U.S. Treasury bond narrowed its drop to 6.6 basis points at 4.3344%. At 21:38 Beijing time, it refreshed the daily low to 4.2472%. The yield on the 2-year U.S. Treasury bond rose over 2 basis points, refreshing the daily high above 3.84%, and at 21:38, it had dropped to 3.7561%, refreshing the daily low. Media reports citing informed sources stated that after U.S. Treasury Secretary Mnuchin and Commerce Secretary Ross expressed concerns, President Trump abandoned the idea of firing Federal Reserve Chairman Powell. Additionally, according to Securities Times·e Company, there are reports that the White House may ease tariff policies