Watch live: Stocks surge after Trump pulls back on tariffs
April 9, 2025
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6:55:10Now PlayingWatch live: Stocks surge after Trump pulls back on tariffs
YouTube Description
as posted by the channelStocks ripped higher and bond yields jumped Wednesday after the White House pulled back on its trade war.
The S&P 500 was up 414 points, 8.3%, to trade near 5,397, while the Dow Jones Industrial Average added 2,680 points, or 7.1%, to top 40,000. The tech-heavy Nasdaq Composite surged 1,608 points, 10.5%, to trade near 16,876 in the mid afternoon.
Shortly after 1 pm ET, President Donald Trump said he was pausing reciprocal tariffs on all countries for 90 days while raising China's levy to 125%.
That followed a pledge from China to raise its tariff on U.S. goods to 84% after hefty new tariffs on its goods took effect at 12:01 a.m. ET on Wednesday. During the day, the European Commission, which represents the European Union, approved a set of tariffs to start April 15, calling U.S. tariffs "unjustified and damaging, causing economic harm to both sides, as well as the global economy.”
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