The Dow Jones Industrial Average surged nearly 2,900 points Wednesday, leading a historic rally after President Trump announced a 90-day pause on most global tariffs.
The S&P 500 jumped 9.5%—its biggest gain since 2008—while the Nasdaq soared over 12%.
Tariffs were dropped to a universal 10% for most countries, though Trump raised duties on Chinese imports to 125%. The White House framed the reversal as a “pause” while “negotiations are ongoing.”
Apple stock skyrocketed 15%—its best day since 1998—reclaiming its title as the world’s most valuable company. The tech-heavy Nasdaq recorded its best session since 2001.