North American markets climb as relief spreads through trading worldwide, but U.S.-China threats loom [Video]

Wall Street’s main indexes opened sharply higher on Tuesday after a bruising sell-off that wiped out trillions of dollars from the world markets since last week, as hope grows that the U.S. might be open to negotiation with some allies on tariffs.

The S&P 500 was up 3.7 per cent in morning trading, though it still remains more than 14 per cent below its record set in February. The Dow Jones Industrial Average was up 1,388 points, or 3.6 per cent, as of 10:30 a.m. ET, and the Nasdaq Composite was 4.1 per cent higher.

The S&P/TSX Composite Index was also up more than 400 points and just over two per cent just after the open.

Most megacap and growth stocks gained, with Nvidia and Meta Platforms adding five per cent each and Tesla rising four per cent.

The technology sector rose 3.5 per cent, while indexes tracking banks and …