Trade deals are driving the recovery for U.S. stocks with the S&P 500 erasing all of its losses post Liberation Day.

JPMorgan reduced its forecast for the chance of a recession this year after the United States and China temporarily lowered the higher tariffs they imposed.

Treasury Secretary Scott Bessent said he and President Trump are considering who would lead the Federal Reserve next. “We think about it all the time,” Bessent said in a Bloomberg TV interview ...