*

Consumer sentiment at 57.9 in March

*

Tesla up on report it is planning lower-cost Model Y in

Shanghai

*

Bullion miners up after gold prices breach $3,000 mark

*

Indexes up: Dow 1.43%, S&P 500 1.83%, Nasdaq 2.28%

(Updates to mid-afternoon)

By Stephen Culp

NEW YORK, March 14 (Reuters) - U.S. stocks rebounded on

Friday as investors shopped for bargains at the end of a

tumultuous week in which U.S. President Donald Trump's

escalating trade war fueled recession fears and doused risk

appetite.

A broad rally sent all three major U.S. stock indexes

sharply higher, with recently battered tech-related megacaps

enjoying a comeback. Every one of the so-called Magnificent 7

artificial intelligence-related momentum stocks was in positive

territory, although six of them remain down on the year.

Chips were outperformers, rising 2.8%, while the FANG

group of tech-adjacent momentum stocks advanced 2.7%.

"There's a lot of excitement over all of the AI-related

developments in technology and I expect that it's going to

continue," said Jed Ellerbroek, portfolio manager at Argent

Capital, in St. Louis, Missouri.

"Those stocks have been underperforming - especially in the

last month because of this flight to safety."

Still, the S&P 500 and the Nasdaq remain on track for their

fourth straight weekly losses. The Dow is on course for its

third consecutive Friday-to-Friday dip.

Encouraging inflation data on Wednesday and Thursday was

overshadowed this week by mounting uncertainties arising from

Trump's chaotic policies, including quotidian tariff threats

against the biggest U.S. trading partners.

Those uncertainties sent investors fleeing from equities in

favor of safe-haven assets, lifting gold prices past the $3,000

per ounce level for the first time ever.

"The market doesn't like the tariff stuff, the added

uncertainty that keeps them from planning and making decisions,"

Ellerbroek added. "Trump is ... wreaking havoc, with his

advisors talking about detox, about how maybe a recession is

coming, maybe not. It's unsettling, indecisive, it's bad for the

economy and bad for the stock market."

Those anxieties were laid bare by a dire report from the

University of Michigan, which showed consumer sentiment

plummeting to its most pessimistic level in nearly two years and

one-year inflation expectations spiking to 4.9%.

The report echoes other recent downbeat survey data,

including a Reuters/Ipsos poll of Americans conducted March

11-12 that showed 57% of survey participants believe Trump's

policies will do more harm than good.

The Dow Jones Industrial Average rose 584.51 points,

or 1.43%, to 41,398.08, the S&P 500 gained 101.17 points,

or 1.83%, at 5,622.69 and the Nasdaq Composite climbed

393.91 points, or 2.28%, to 17,696.92.

All 11 major sectors of the S&P 500 were higher, with energy

and technology shares enjoying the largest

percentage gains.

Tesla rose 3.7% following a report on the electric

vehicle maker's plans to make a lower-cost version of its

best-selling Model Y in Shanghai, aiming to regain ground lost

during a price war in its second-largest market.

Nvidia's ( NVDA ) shares gained 4.4% ahead of next week's

GPU Technology Conference (GTC), which is expected to culminate

in a hotly anticipated keynote address from Nvidia ( NVDA ) CEO Jensen

Huang.

Advancing issues outnumbered decliners by a 4.84-to-1 ratio

on the NYSE. There were 62 new highs and 79 new lows on the

NYSE.

On the Nasdaq, 3,277 stocks rose and 1,041 fell as advancing

issues outnumbered decliners by a 3.15-to-1 ratio.

The S&P 500 posted one new 52-week high and five new lows

while the Nasdaq Composite recorded 31 new highs and 142 new

lows.