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Home»Finance»Stock market posts third biggest gain in post-WWII history on Trump’s tariff about-face
Finance

Stock market posts third biggest gain in post-WWII history on Trump’s tariff about-face

April 10, 2025No Comments2 Mins Read
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Stock market posts third biggest gain in post-WWII history on Trump's tariff about-face
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Dealer work on the ground on the New York Inventory Change.

Brendan McDermid | Reuters

Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s shocking tariff reversal is one for the historical past books.

The S&P 500 skyrocketed 9.52% in a kneejerk response to Trump’s announcement to place a 90-day pause on a few of the lofty ‘reciprocal’ tariffs. The one-day acquire ranks because the third largest since World Battle II for the primary inventory market benchmark, in accordance with FactSet.

The Nasdaq Composite jumped 12.16%, notching its largest one-day soar since January 2001 and second-best day ever. 

“That is the pivotal second we have been ready for,” mentioned Gina Bolvin, president of Bolvin Wealth Administration Group. “The instant market response has been overwhelmingly constructive, as buyers interpret this as a step towards much-needed readability.”

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 earlier 4 buying and selling periods, the S&P 500 suffered a 12% loss, a decline not seen because the pandemic. The Dow misplaced greater than 4,500 factors through the four-day stretch, whereas the Nasdaq was down greater than 13%.

Whereas shares managed to recoup a lot of the losses, buyers should not fully out of the woods as Trump vows to reorient international commerce. The president mentioned greater than 75 international locations contacted U.S. officers to barter after he unveiled his new tariffs final week.

“It is nonetheless too early to sign an all clear,” mentioned Dave Sekera, Morningstar’s chief U.S. market strategist. “Commerce negotiations have but to start out and as soon as they do, there shall be constructive and destructive headlines as every get together positions itself to extract the utmost quantity of concessions attainable.”

 

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