FX.co ★ US Stocks Skyrocket as Trump Announces 90-Day Tariff Pause

On Wednesday, U.S. stocks experienced a significant upturn after President Donald Trump announced a temporary 90-day halt on a majority of his recent tariffs, igniting a major market rally. The S&P 500 surged by 9.5%, marking its most substantial increase in five years. The Dow Jones soared by 2,960 points, or 7.9%, reflecting its largest gain since 2020, while the Nasdaq climbed by 12.1%, marking its biggest single-day rise since 2001. This decision extends the administration’s ever-evolving economic policy direction and includes a pause on tariffs for key U.S. goods suppliers like Vietnam and Cambodia, which had been subjected to aggressive levies. However, Trump continued to intensify the trade conflict with China by raising their tariffs to 125%, and there is little expectation of easing measures on the EU due to Brussels' announced retaliatory actions. The technology sector led the recovery after facing significant losses during the month's sell-off, with Nvidia increasing by 18.7%, Tesla rising by 22.7%, and Apple gaining 15.3%.