US Stock Indexes Surge Following Trump’s Tariff Pause

The Dow soared by nearly 3,000 points, while the Nasdaq went up by 12.1 percent.

Traders work on the floor of the New York Stock Exchange (NYSE) during afternoon trading in New York on April 9, 2025. Angela Weiss/AFP via Getty Images

U.S. stock indexes surged on Wednesday afternoon following an announcement from President Donald Trump that he'll pause reciprocal tariffs for most countries except for China.

The S&P 500 soared 9.5 percent on Wednesday. The index is still lower than it was when Trump announced his sweeping set of tariffs last week. The Dow Jones Industrial Average increased by nearly 3,000 points, while the Nasdaq shot up by 12.1 percent.