US stocks rose Tuesday morning as investors waded into the market after a steep Monday sell-off.

The Dow gained 600 points, or 1.58%. The broader S&P 500 gained 1.57%. The tech-heavy Nasdaq Composite rose 1.9%.

Investors have been on edge as uncertainty lingers about trade negotiations and President Donald Trump has ratcheted up his criticism of Federal Reserve Chair Jerome Powell.

The Nasdaq and Dow are looking to snap a four-day losing streak. All three major indexes are on track for their worst month since 2022 and the Dow is on track for its worst April since 1932, according to FactSet data.

Stocks are coming off a day sharply in the red as investors assessed Trump’s continued tirade against Powell for not cutting interest rates — a complaint he has levied multiple times. The Federal Reserve’s independence is a hallmark of the central bank and market watchers have been unnerved by the president’s continued verbal assault on the Fed chair.

“A multi-front trade war is by itself a lot for stocks to handle so adding a Fed independence crisis on top of it has markets understandably jittery,” said Jeff Buchbinder, chief equity strategist at LPL Financial, in a Monday note.

While many experts say the president does not in fact have the power to fire the Fed chief just due to policy differences, Trump has made clear he’s willing to break with norms and precedent.

Mohit Kumar, chief economist and strategist for Europe at Jefferies, said in a Tuesday note that “it will be nearly impossible for Trump to remove Powell without cause” and it is unlikely Trump will have broader political support to oust Powell before his term ends in 2026.

“Moreover, as recent events have shown, bond market is the pressure point for Trump,” Kumar said. “Any attempt to subjugate the Fed’s independence will be met by a strong negative bond market reaction and Trump will need to back down.”

US stocks, government bonds and the dollar all sold off on Monday in a continuation of a trend that has unnerved Wall Street. Typically, when stocks sell off during moments of uncertainty, investors seek refuge in safe havens like Treasuries and the dollar. Yet that conventional wisdom has been breaking down this month during bouts of sell-offs in all three American asset classes.

The yield on the 10-year Treasury note ticked down and the US dollar slightly gained Tuesday morning, signaling relative calm after Monday’s massive sell-off.

Gold on Tuesday hit a fresh record high above $3,500 a troy ounce. The yellow metal has soared more than 30% this year, surpassing its gain of 27% across last year. Investors have flocked to gold amid broad uncertainty about the outlook for the global economy.