Stocks surge after Trump announces 90-day pause on tariffs, with NASDAQ jumping 12.2%.

From Nasdaq: 2025-04-10 09:24:00

U.S. stocks surged on Wednesday after Trump announced a 90-day pause on tariffs, with the Dow gaining 7.9% and the S&P 500 surging 9.5%. Tech, consumer discretionary, communication services, and industrial stocks led the rally. The Nasdaq jumped 12.2%, recording its second-best day ever. The VIX fell 37.75% to 18.71.

Trump’s tariff pause led to the third-biggest single-day gain post-World War II. Treasury Secretary Scott Bessent noted a temporary pause on higher rates for countries. Investor sentiment was boosted by a successful $39 billion auction of 10-year notes. Stocks that suffered post-tariff announcement rebounded, with Apple, NVIDIA, and Tesla leading the rally.

Investors eagerly await the release of the consumer price index (CPI) report for March after the Federal Reserve’s March meeting minutes highlighted concerns about inflation and slower growth. The pause on tariffs and auction of 10-year notes added to market optimism. Wall Street saw its biggest trading volume day in history.



Read more at Nasdaq: Stock Market News for Apr 10, 2025