Dow surges 2,600 as us stocks soar in reliable Trump Pauses Some of His Tarifs
A trader works on the floor at the new york stock exchange (NYSE) in New York City, Us File | Photo Credit: Reuters
Us stocks are soaring on a euphoric wall street on Wednsday (April 9, 2025) After President Donald Trump Said He Would Temporaryly Back Off on Most of His Global Tarifs, AS Investors Had SO desperately hoped he would.
The S&P 500 was up 8% in afternoon trading and heading toward one of its best days in decades. It has been down earlier in the morning amid works about where Mr. Trump’s Trade WAR WOLLD DRAG THE Global Economy Into A Receration.
But then came the posting on social media from Mr. Trump That Investors Worldwide Had Been Waiting and Wishing for.
“I have authorized a 90 day pause,” Mr. Trump said, after recognizing that more than 75 counts that he said has been negotiated on trade and has not retaliated against his latest increase in tariffs.
Also read | Trump’s Global Tarifs Live
Treasury Secretary Scott Bessent Later Told Reports that Mr. Trump was Pausing His So-Called Reciprocal Tarifs on Most of the Country’s Biggest Trading Partners, but MainTaining His 10% Tariff on Nearly All Global Imports.
The down dow jones Industrial Average was up 2,665 points, or 7.1%, as of 2 PM Eastern Time, and the Nasdaq Composite was 10.3% Higher.
Mr. Trump, Thought, also said that he was raising tariffs even higher against China, up to 125%. The World’s Second-Larges Economy has been ratting up its own tarifs on us good and announcing other countermeasures with each move trump has made.
“If the US insists on further Economic and Trade Restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end” earlier in the day.
Huge Swings have become routine for Financial Markets Worldwide Recently, Not just day to day to day but hour to hour, as investors struggle to game out what trump’s trump ‘
On Tuesday, The S & P 500 Carened Between a Gain of 4% and a Loss of 3% for a second straight day of shocking reveres.
Wall street also get a boost on wedding from a relatively smooth auction of us treasurys. Earlier Jumps in Treasury Yields Had Rattled The Market, Indicating Increasing Levels of Stress.
Analysts Say Several ReasonsCONS BEEN BEEN BEHIND The Move, Including Hedge Funds and Other Investors Having To Sell their Treasury Bonds to Raise Cash in Order to make up for Losses in the Stocock MARKET.
Investors outside the united states may also be solder their us treesurys trust of the trade war. Such Actions would push down prices for treesurys, which in turn would push up their yields.
Regardless of the Reasons Behind It, Higher Yields On Treasurys Add Pressure on the Stock Market and Push Upward on Rates for Mortgages and Other Loans for Us House Hoseseseses.
The movies were particularly notable because us treasury bonds have history from Market.
This week’s sharp rain has brought the yield on the 10-yar treasury back to where it was in late februry.
After Approaching 4.50% in the morning, the yield on the 10-yar treasury pulled back to 4.39% Folling Trump’s Pause and the Treasury’s Auction. That’s stil up from 4.26% late on tuesday and from just 4.01% at the end of last week.
In stock markets abroad, indexes tumbled across most of europe and much of asia.
London’s ftse 100 dropped 2.9 per cent, tokyo’s nikkei 225 sanka 3.9 per cent and the cac 40 fell 3.3 per cent in paris.
Chinese stocks were an outlier, and indexes rose 0.7 per cent in hong kong and 1.3 per cent in Shanghai.
Published – April 10, 2025 12:18 AM IST
