The Daily Editor

US Stock Market Live: Benchmark indices on Wall Street gained for the second day in a row on Wednesday, but could not hold on to the initial euphoria of strong gains for two consecutive sessions. Futures this Thursday morning, Indian time, are trading in the red, although the losses are minimal.

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President Donald Trump appears to be walking back some of his more extreme positioning on the economy — pivoting yet again on his signature tariff agenda and renewing concerns that his haphazard approach has already done serious economic damage.

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Chipotle (CMG)

After a rocky earnings report announcing that Chipotle missed the mark while lowering expectations for the year, Chipotle stock sank in after-hours trading. The fast food giant reported earnings of 29 cents per share and revenue of $2.88 billion falling short of the $2.94 billion analysts were looking for.

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Fresh-faced financial reporters are swiftly disabused of the idea that there are “safe havens” in financial markets. With one eye on the word count, a grizzled sub-editor will cut the extraneous word and growl “all havens are safe”. Assets that retain their value during a market downturn—gold, the Swiss franc,

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U.S. stocks closed higher on Wednesday, one day after President Donald Trump said tariffs on China would “come down substantially.”

Trump also appeared to soften previous attacks on the Federal Reserve, saying late Tuesday he has “no intention” of firing top central banker Jerome Powell.

In public remarks on Wednesday, Treasury Secretary Scott Bessent said the U.S.

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