Stocks ended sharply higher Wednesday, roaring back from sharp losses in morning trade inspired by an escalating trade spat between the U.S. and China. The Dow Jones Industrial Average DJIA, +0.51% ended around 231 points higher near 24,264, according to preliminary figures, after falling 500 points at its session low. The S&P 500 SPX, +1.05% rose 1.2%, while the Nasdaq Composite COMP, +1.71% advanced 1.5%, with both also reversing earlier declines. Stocks initially tumbled after China announced plans for retaliatory tariffs on a range of U.S. goods in reaction to U.S. tariffs targeting a range of Chinese imports. Analysts said the rebound suggested investors see the back-and-forth as negotiating tactics. In corporate news, shares of music-streaming service Spotify Technology SA SPOT, +0.69% fell 3.2% in its second day of trading.