Wall Street leaps nearly 3% as markets worldwide rally

NEW YORK (AP) — U.S. stocks are leaping Wednesday as a worldwide rally comes back around to Wall Street following updates from President Donald Trump about his plans for the Federal Reserve and his trade war that investors found encouraging.

The S&P 500 was 2.7% higher in morning trading, coming off a big gain Tuesday that more than made up for its steep loss on Monday. The Dow Jones Industrial Average was up 877 points, or 2.2%, as of 10:20 a.m. Eastern time, and the Nasdaq composite...