Wall Street ends sharply higher as Trump softens China stance

U.S. equities rallied strongly after President Trump adopted a more conciliatory tone on trade, helping to ease fears of escalation with China. Broadcom surged nearly 10% following its AI collaboration announcement. The S&P 500 rose 1.56%, Nasdaq jumped 2.21%, and Dow gained 1.29%. Markets interpreted the shift as a positive signal for easing tensions. Tech and semiconductor names led gains, while investors continued to watch earnings cues and Fed commentary closely.