Canada, U.S. stock markets rally as economic uncertainty persists – National [Video]

U.S. stocks jumped in a widespread rally Tuesday, and other U.S. investments steadied a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.

The S&P 500 climbed 2.5%. The Dow Jones Industrial Average rose 1,016 points, or 2.7%, and the Nasdaq composite gained 2.7%. All three indexes more than made up their big losses from the start of the week.

Canada’s main stock index, the S&P/TSX composite, rose almost 300 points Tuesday on strength in energy, financials and base metals.

The value of the U.S. dollar also stabilized after sliding against the euro and other competitors, while longer-term Treasury yields held steadier as more calm returned to financial markets. Sharp, unusual moves for the dollar and for Treasurys have recently raised worries that Trump’s policies are making investors more skeptical about U.S. investments’ reputation as the world’s safest.

The only prediction many Wall Street strategists are …