Stocks on Wall Street experienced their largest rally since Trump's election, recovering from a market correction, although ongoing concerns regarding tariffs and trade wars remain.

The article discusses the effects of tariffs and protectionist policies under President Trump on the stock market and overall economic sentiment, highlighting a potential trade war and its implications for global growth.

Stock futures increased slightly after a sell-off triggered by recession fears. Investors are concerned about the U.S. economy as comments from President Trump and guidance from Delta Air Lines added to the anxiety. Analysts suggest fears may be overstated, with upcoming economic reports anticipated.

Investors are grappling with concerns about the economy as President Trump's tariff commitments create uncertainty, leading to a mixed performance in global markets after a significant drop in the S&P 500.

A new report by Knight Frank indicates a 5.2% increase in multimillionaires in the U.S., highlighting the country's dominance in wealth generation amid global economic challenges.