NEW YORK (Reuters) - Making sense of the forces driving global markets

By Alden Bentley, Americas Finance and Markets Breaking News Editor.

Jamie is away today so I'll provide a round-up of today's main market moves below. I'd love to hear from you, so please reach out to me with comments at [email protected].

If you have more time to read today, here are a few articles I recommend to help you make sense of what happened in markets.

1. Investors fear Trump's attacks on Powell will pile onpain 2. 'For our country': China's patriots are buying the dip 3. Wall Street bounces back as earnings take focus overtariff chaos 4. Bitcoin rises 5% above $91,000 5. US, Japan move closer to outline of trade deal, sourcesays 6. IMF cuts growth forecasts for most countries in wake ofcentury-high US tariffs 7. Bessent sees de-escalation in US-China trade tensions,talks to be 'a slog'

Today's Key Market Moves

* The S&P 500, Nasdaq Composite and Dow Jones IndustrialAverage all close up more than 2%. * All 11 industry sectors in the S&P 500 rise, led byfinancials. * The dollar trades below 140 yen for the first time sinceSeptember, but ends 0.42% higher. The euro falls 0.73%. * Gold closes down 1.5%. * The 10-year Treasury note yield eases 1 basis point to4.3949%. * Brent crude oil falls 1.46% to $67.23 a barrel. * The pan-European STOXX 600 index rises 0.25%. * MSCI's broadest index of Asia-Pacific shares outside Japan closes almost flat, while Japan's Nikkei eases 0.17%

Stocks rebound with no new Powell-bashing or trade tirades from Trump

Wall Street flipped to buy mode on Tuesday, without any fresh criticism of U.S. Federal Reserve Chairman Jerome Powell or flip-flops on tariffs from President Donald Trump to disquiet markets again.

Indexes reversed Monday's tumble, hitting session highs following a report that U.S. Treasury Secretary Scott Bessent had said a tariff standoff with China was unsustainable and he expected the situation to de-escalate, raising hopes a bit on U.S. trade negotiations.

With little other news on those fronts, investors were more focused on earnings. They were a mixed bag, with better-than-expected results from 3M Co sending its shares sharply higher as the biggest gainer on the Dow, while Northrop Grumman tanked. The most anticipated report of the day, arguably of the week, comes after the market close from Tesla.

The electric car and battery maker run by Trump's billionaire DOGE chieftain Elon Musk kicks off earnings for the "Magnificent Seven" megacaps and was up 4.6% late afternoon.