From Yahoo Finance: 2025-04-09 21:00:00

The S&P 500 surged 9.5% after Trump announced a 90-day delay on tariffs for most trading partners, the biggest gain since 2008. ETFs tracking major indexes like VOO, DIA, and QQQ also saw significant increases. The rally followed a steep selloff, signaling a dramatic rebound on positive news.

Trump’s announcement on Truth Social revealed a 90-day pause on tariff hikes, providing space for bilateral trade negotiations. Investors feared permanent high tariffs, but the move suggests a potential shift in strategy. The trade war with China continues, raising concerns about economic decoupling. Enjoy the relief rally but remain cautious.

Despite the temporary pause on tariffs, the U.S. and China still face economic tensions. Trump’s decision to raise tariffs on China remains in place, potentially leading to further economic decoupling. Investors should remain vigilant in the face of ongoing trade uncertainties.

Read more: S 500 Soars as Trump Pauses Tariffs on Trading Partners