Stock markets opened up on Wednesday after President TrumpDonald John TrumpTrump and Biden’s plans would both add to the debt, analysis finds Trump says he will back specific relief measures hours after halting talks Trump lashes out at FDA over vaccine guidelines MORE signaled an openness to passing specific COVID-19 relief measures, one day after his initial call to cut off talks sent markets tumbling.

The Dow Jones Industrial Average was up 300 points, or 1.1 percent, and the S&P 500 was up 33 points, or 1 percent.

Trump’s decision to call off ongoing negotiations with Democrats over a fifth emergency relief package upended markets on Tuesday.

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In a tweet, Trump said that a deal would have to wait until after the election, forestalling at least $1.5 trillion of fiscal stimulus, small business aid, unemployment benefits and relief to airlines.

Republicans have objected to the scale of the $2.2 trillion Democratic proposal.

Hours later, Trump appeared to walk back the position in part, suggesting he agreed with Federal Reserve Chairman Jerome Powell’s assessment that a larger relief package was preferable to a smaller one and calling on Congress to approve stimulus checks and airline aid.

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