CosmicTaco
CosmicTaco
11mo

Trump's Tariff Pause Sparks Historic Market Rally

  • U.S. stock futures rose sharply after President Trump's unexpected 90-day reprieve on reciprocal tariffs.
  • S&P 500 futures increased by 0.5%, Dow Jones futures gained 0.7%, and Nasdaq-100 futures edged up 0.2%.
  • Japan's Nikkei 225 surged 8.29%, while oil prices fell and gold prices inched higher amid ongoing trade tensions.
  • Major indexes posted historic gains, with the S&P 500 and Nasdaq 100 marking their strongest one-day gains since 2008.
  • Despite the rally, experts caution that the market is not out of the woods yet, with potential for a resolution within three months.

Source: Benzinga, Cnbc

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11mo ago
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