S&P/TSX composite rises Wednesday, U.S. markets also up

TORONTO — Canada’s main stock index and U.S. markets pared back earlier gains but still ended the day up after U.S. President Donald Trump said he would not attempt to fire the head of the Federal Reserve and U.S. Treasury Secretary Scott Bessent commented that he expects a “de-escalation” in the trade war with China. The S&P/TSX composite index closed up 166.70 points at 24,472.68. In New York, the Dow Jones industrial average was up 419.59 points at 39,606.57. The S&P 500 index was up 88.10 points at 5,375.86, while the Nasdaq composite was up 407.63 points at 16,708.05. The…