Markets Soar in Historic Rally as Trade Tensions Ease
Summary
In a historic rally fueled by easing trade tensions, markets soared with the S&P 500 skyrocketing 9.52%, the Dow Jones Industrial Average surging 7.87%, and the Nasdaq Composite leaping 12.16%, marking their biggest one-day gains in over a decade.
Key Points
- The S&P 500 skyrocketed 9.52% for its biggest one-day gain since 2008 after President Trump announced a 90-day pause on some tariffs.
- The Dow Jones Industrial Average advanced 2,962.86 points, or 7.87%, for its largest percentage advance since March 2020.
- The Nasdaq Composite surged 12.16%, notching its biggest one-day jump since January 2001 and second-best day ever.