The Globe and Mail reports in its Wednesday edition that Wall Street closed mixed on Tuesday as investors reacted to mostly positive quarterly results from major U.S. banks. A Reuters dispatch to The Globe reports that in contrast, Canada's stock market saw significant gains, catching up to the U.S. rebound after Thanksgiving. U.S. indexes fluctuated, with the S&P 500 declining after President Donald Trump hinted at terminating some trade ties with China, particularly concerning cooking oil. This followed the imposition of additional port fees by both countries on shipping firms for various goods. Global equities fell on Friday after Mr. Trump threatened 100-per-cent tariffs on Chinese goods following Beijing's export controls on rare earth minerals, although he softened his stance over the weekend. Major U.S. lenders reported strong investment banking results, boosting the S&P 500 Banking Index by 1.3 per cent. Wells Fargo surged 7.1 per cent and Citigroup also rose after both beat third-quarter profit estimates. JPMorgan raised its net interest income forecast, and Goldman Sachs surpassed quarterly profit expectations. Despite this, shares of both banks, which have outperformed rivals this year, fell.