The Dow rose by nearly 3,000 points. The S&P 500 and Nasdaq indexes were up 9.5% and 12.2%, respectively, at market close.
Wednesday saw about 30 billion shares change hands, the heaviest volume day in 18 years of Wall Street keeping records.
The stock market recuperated from a volatile week after Trump announced the 90-day pause. On Tuesday, the stock market had lost nearly $6 trillion.
“I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump posted on his Truth Social.
Wall Street analysts are optimistic about the rise but caution with the tariffs still not gone yet.
“Given how depressed stock prices and sentiment had become, the 90-day pause is sparking a violent
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