U.S. stocks surge after Trump announces 90-day tariff freeze

Markets rally and dollar strengthens after president declares reprieve

20250409N market

The Dow Jones Industrial Average soared after U.S. President Donald Trump said he would pause additional 'reciprocal' tariffs for most countries for the next 90 days.  © Reuters

Nikkei staff writers

NEW YORK -- U.S. stock prices staged a dramatic rebound Wednesday afternoon after U.S. President Donald Trump said he would postpone additional "reciprocal" tariffs on all countries except China for 90 days.

The S&P 500 index closed the day 9.52% higher, while the Dow Jones Industrial Average rose a record 2,962.86 points, ending the day 7.87% higher. The Nasdaq Composite was up 12.16%.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.