``This time the rally was sparked by comments from White House officials that suggested the Trump administration isn't spoiling for a trade war and that key allies may be spared the most severe tariffs. That's a turnaround from Tuesday evening, when Cohn's resignation as President Donald Trump's top economic adviser roiled global markets, sending futures on the S&P 500 to the worst opening print in nearly three years on concern retaliation was imminent.''

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