- S&P 500 posted its third-largest daily gain since WWII
- Rally fueled by Trump’s 90-day tariff pause on non-retaliating nations
- Tech giants like Nvidia (+18.7%) and Tesla (+22.7%) led market gains
- China’s tariff was increased to 125%, signaling continued trade strain
The S&P 500 soared 10.25% on Wednesday, closing at 5,484.6 in a historic rebound driven by President Donald Trump's surprise announcement of a 90-day pause on many “reciprocal” tariffs.
The move sparked one of the biggest rallies since WWII, with the S&P posting its third-largest single-day gain in postwar history.
Market sentiment flipped sharply as megacap tech stocks like Nvidia (+18.7%), Tesla (+22.7%), and Apple (+15.3%) led the charge.
This rally came after a brutal four-day sell-off triggered by intensifying trade tensions.
Though Trump eased tariffs for most nations, he hiked China’s to 125%, signaling ongoing strain.
Treasury Secretary Scott Bessent confirmed that the 10% baseline tariff now applies to countries not retaliating.
Despite lingering uncertainty, Wednesday saw record trading volume, with over 30 billion shares changing hands.