Calm is returning to Wall Street Tuesday, and tech stocks are leading U.S. stock indexes higher following a strong profit report from Palantir Technologies, a darling benefitting from the artificial-intelligence boom.

European shares slid on Monday, joining a worldwide selloff driven by concern that U.S. President Donald Trump's tariffs on Canada, Mexico and China are just the opening salvo in a global trade war that would curb economic growth internationally.

D: President Trump’s threat to impose new U.S. tariffs on imports from China, Mexico and Canada drove down stocks multiple sectors Monday, with shares of several media companies falling as investors grappled with America’s new trade wars.

Wall Street was mixed in light trading early Tuesday as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada. Trump's imposed tariffs on China remained in place.

Major U.S. stock indexes opened lower Monday after President Donald Trump's tariffs on Canada, Mexico and China triggered a trade war.

The German and French stock markets were down about 2%, with shares in carmakers among the worst hit, while London's FTSE 100 dropped more 1%. The US dollar also strengthened on the currency markets,