Wall Street sees huge gains after Trump announces tariff pause, but increases duties on China.

From Investing.com: 2025-04-10 05:58:00

Wall Street witnessed a massive surge, with the Dow Jones Industrial Average recording its biggest winning day since the Great Recession and the Nasdaq rallying over 12%. This was fueled by Trump’s announcement of a 90-day tariff pause on many nations, although he increased duties on Chinese imports. Gold prices rose due to US-China tensions, while oil rebounded. On the other hand, the focus is now on US CPI inflation data for March, with expectations of a drop in the inflation rate. The Fed has signaled a cautious approach to rate cuts despite easing recession fears following the tariff pause.



Read more at Investing.com: Wall Street Stages Impressive Rally Amid Tariff Pause