U.S. stock markets closed with solid gains Tuesday as traders bought into the idea that President Trump's trade war with China could cool down.

Markets were up in the morning, but momentum really picked up Tuesday afternoon after several media outlets revealed comments from Treasury Secretary Scott Bessent, who told a private meeting of investors in Washington that he expects a “de-escalation” in the trade war between the U.S. and China.

“No one thinks the current status quo is sustainable,” Bessent said at the event hosted by JPMorgan Chase, according to multiple........

© The Hill