U.S. stocks rallied further as better-than-expected profits for U.S. companies piled up, though CEOs say they're unsure whether it will last because of uncertainty created by President Trump's trade war.

Wall Street on Wednesday extended a rally to a second straight session, as sentiment was lifted by U.S. President Donald Trump softening his aggressive rhetoric against Federal Reserve chair Jerome Powell and China.

Risk is back on, and Pony AI (Nasdaq: PONY) is galloping ahead by over 27% today after rising as much as 30% in the session. At $7 per share, PONY stock is trading at volume of over 13 million shares compared with an average of 2 million shares trading hands,