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NEW YORK (AP) — Some relief is flowing through financial markets worldwide Tuesday, and stocks are bouncing to recover a bit of their historic losses since President Donald Trump dramatically raised the stakes in his trade war last week. The S&P 500 was up 3.7% in morning trading, though it still remains more than 14% below its record set in February. The Dow Jones Industrial Average was up 1,388 points, or 3.6%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 4.1% higher. The bounce was global. Stock indexes rallied 6% in Tokyo, 3.5% in Paris and 1.6%…