04/09/2025

Dow Surges for Biggest Rally in Five Years after Trump Pauses Some Tariffs

White House alleges this was Trump's intention all along

Stocks surged Wednesday after President Donald Trump announced a pause in some of the "reciprocal" tariffs, causing a market that’s been under extreme pressure for the last week to explode higher.

The S&P 500 skyrocketed 7.6 percent, on pace for its biggest one-day gain in five years. The The Dow Jones Industrial Average advanced 2,423 points, or 6.4 percent, also its biggest gain since 2020 meanwhile the Nasdaq Composite jumped 9.8 percent

"I have authorized a 90-day pause and a substantially lowered reciprocal tariff during this period, of 10 percent, also effective immediately," Trump posted on his Truth Social.* Trump, in the same post, said he was raising the tariff on China higher again to 125 percent.

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*Grammatical corrections related to capitalization and punctuation corrected by OSAP.