Stock market today: Dow explodes 3,000 points higher, S&P 500 has best day since 2008 as Trump pauses most reciprocal tariffs US stocks rocketed higher on Wednesday as President Trump announced a 90-day pause on tariffs for most countries. Trump also said that the US would be raising its tariffs on China to 125%. The benchmark S&P 500 (^GSPC) roared up over 9.5%, posting its best day since 2008. The tech-heavy Nasdaq Composite (^IXIC) rallied a whopping 12% for its second-best day on record and its biggest gain since 2001. The Dow Jones Industrial Average (^DJI) was up over 7.8%, or roughly 3,000 points.
5th business day after Trump announced reciprocal tariffs