On Tuesday, August 6, U.S. stock markets closed higher, with the S&P 500 and Nasdaq gaining as investors returned after a major sell-off. This rebound was driven by Federal Reserve officials’ comments easing recession fears. Central bank policymakers downplayed concerns that weak July job data signals a recession but suggested that interest rate cuts might be needed to avoid one. In economic data, the U.S. trade deficit in June narrowed to $73.1 billion from $75 billion in May, though analysts had expected a $72.5 billion gap. Exports rose by 1.5% to $265.9 billion. All major sectors in the S&P 500 closed higher, with real estate and financials seeing the largest gains. The Dow Jones Industrial Average was up 0.76% and closed at 38,997.66. The S&P 500 gained 1.04%, ending the day at 5,240.03, and the Nasdaq Composite rose 1.03%, finishing the session at ...