US Stocks Rally as Dow Jumps 740 Points Following Trump’s EU Tariff Delay

Kevin Hassett, a top White House economist, also offered hope of more trade developments this week.

Wall Street in New York City on April 4, 2025. Samira Bouaou/The Epoch Times

Investors returned from the Memorial Day long weekend cheering President Donald Trump’s decision to postpone 50 percent tariffs on the European Union.

The blue-chip Dow Jones Industrial Average advanced 740.58 points, or 1.78 percent, to close at 42,343. The broader S&P 500 Index rose 118.72 points, or 2.05 percent. The tech-heavy Nasdaq Composite Index jumped 461.96 points, or 2.47 percent.