U.S. stocks on Tuesday recovered most of the previous session’s losses after the Trump administration abruptly offered China-and U.S. consumers-a reprieve from sweeping tariffs. The Dow Jones Industrial Average DJIA, +1.44% closed up 382.20, or 1.5%, to 26,279, the S&P 500 index SPX, +1.48% finished with a 1.5% gain at 2,926, while the Nasdaq Composite Index COMP, +1.95% advanced nearly 2% to 8,016. Stocks took a jolt higher soon after Tuesday’s open after a report form the U.S. Trade Representative indicated that some consumer products, including cell phones, wouldn’t be subject to tariffs, read as softening of tough talk between the U.S. and China on trade. The Trump administration had threatened on Aug. 1 to extend tariffs of 10% to $300 billion in Chinese imports not currently taxed starting Sept. 1. The USTR said it would delay new tariffs until Dec. 15. Some strategists say that those tariffs would have harmed U.S. consumers, raising prices on computers and laptops as well as toys, heading into the runup to holiday season.