The Globe and Mail reports in its Saturday edition that stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump's escalating trade war fuelled recession fears. A Reuters dispatch to The Globe says a broad rally boosted all three major U.S. stock indexes and the Toronto Stock Exchange. The S&P 500 and Nasdaq logged their biggest one-day percentage gains since Nov. 6, the day after the U.S. presidential election. The S&P/TSX Composite Index was up 350.17 points at 24,553.40. Still, many investors doubted that the recent tariff-driven sell-off has run its course. "I don't see a catalyst that would spark this huge upside we're seeing in markets," said Ross Mayfield, investment strategy analyst at Baird in Louisville, Ky. "We're obviously ... pretty oversold, which sets good conditions for a rally even if the fundamental problems are not solved." However, in the absence of any positive news, other strategists see a simple dead-cat bounce. A University of Michigan study Friday showed consumer sentiment plummeting to its most pessimistic level in nearly two years. Also Friday, gold prices rose above the $3,000-per-ounce level for the first time.