U.S. stocks soared Wednesday after President Trump stunned markets with a 90-day tariff pause for most nations, reversing his escalating trade war. The Nasdaq surged 12%, its best day in 24 years, while the S&P 500 climbed 9.5%, its biggest gain since 2008. The Dow rocketed 7.9%, adding a record 2,963 points. Trump announced the shift on Truth Social, saying, “More than 75 Countries have called to negotiate a solution…and have not, at my strong suggestion, retaliated.” He added, “I have authorized a 90 day PAUSE…effective immediately.” Investors cheered, though futures later stabilized.
Tariff Twist
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