Stocks were holding onto sizable gains Wednesday as many investors cheered the possibility trade talks between the United States might at least start. At the same time, President Trump's announcement he wouldn't try to remove Federal Reserve Chairman Jerome Powell cheered the market,

U.S. markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve.Futures for the Dow Jones Industrial Average jumped 1.

Stock futures are pointing to a sharply higher open for major indexes on Wednesday after comments from President Donald Trump eased investor concerns about tariffs and Federal Reserve independence.