US stock futures jumped after President Trump said he has 'no intention' of firing Federal Reserve Chair Jerome Powell, easing fears on Wall Street that the central bank's independence was under threat.

After a strong rally on Tuesday, where benchmark indices on Wall Street recovered everything they lost on Monday, futures are surging as well, indicating a continuation of the upmove. The Dow futures are up 650 points,

A forecasting tool from the Federal Reserve Bank of Atlanta suggests the U.S. economy contracted at an annualized 2.2% in the first quarter of 2025, which ended in March. That figure will not be finalized for several months, but it would be the first contraction exceeding 2% since COVID-19 caused a recession in 2020.

Global financial markets have been turned upside down this year by President Donald Trump's burgeoning trade war.

Tesla (TSLA) rolls into its earnings day under the shadow of a fresh bearish call. Just ahead of its highly anticipated Q1 results on April 22,

Tesla stock jumped in Tuesday's trading thanks to bullish momentum for the broader market. The EV company then reported its Q1 results after the market closed, and sales and earnings performance fell far short of the average Wall Street target.

Tesla reported first-quarter earnings after Tuesday's closing bell. Follow along live as MarketWatch breaks down the expectations and results.