Stocks rise as Trump tweets on stimulus keep market spinning

(AP) — Stocks are recovering Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy.

The S&P 500 rose 1.9% in afternoon trading after Trump sent a series of tweets saying he’s open to sending out $1,200 payments to Americans, as well as limited programs to help airlines and small businesses.

The tweets late Tuesday came just hours after Trump sent the market into a tailspin with his declaration to halt talks on a stimulus effort until after the election.

Airlines and other stocks that most need the economy to strengthen are helping to lead the way.