- +33 773 34 23 64
- info@wallstreet-collateral.com
- Mon-Fri 8am - 6pm
Stock market posts third biggest gain in post-WWII history on Trump’s tariff about-face
By Stella
Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s surprising tariff reversal is one for the history books.
The S&P 500 skyrocketed 9.52% in a kneejerk reaction to Trump’s announcement to put a 90-day pause on some of the lofty ‘reciprocal’ tariffs. The one-day gain ranks as the third biggest since World War II for the main stock market benchmark, according to FactSet.
The Dow Jones Industrial Average advanced 2,962.86 points, or 7.87% and posted its biggest advance since March 2020.
The Nasdaq Composite jumped 12.16%, notching its largest one-day jump since January 2001 and second-best day ever.
The market was a coiled spring after a brutal four-day stretch that briefly pushed the S&P 500 into bear-market territory. Over the course of the previous four trading sessions, the S&P 500 suffered a 12% loss, a decline not seen since the pandemic. The Dow lost more than 4,500 points during the four-day stretch, while the Nasdaq was down more than 13%.
While stocks managed to recoup much of the losses, investors are not completely out of the woods as Trump vows to reorient global trade. The president said more than 75 countries contacted U.S. officials to negotiate after he unveiled his new tariffs last week.
Source: CNBC
