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Barchart
Rich Asplund

Stocks Soar as President Trump Pauses Reciprocal Tariffs

Donald Trump United States Nasdaq SP Kashkari US Federal Reserve China ECB Governing Council Interest Rates

The S&P 500 Index ($SPX) (SPY) Wednesday closed up +9.52%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +7.87%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +12.02%.  June E-mini S&P futures (ESM25) are up +9.62%, and June E-mini Nasdaq futures (NQM25) are up +11.90%. 

Stock indexes on Wednesday recovered from early losses and rallied sharply after President Trump announced a 90-day pause on reciprocal tariffs to 56 countries.  Stocks extended their gains Wednesday afternoon when President Trump said he'd look into tariff exemptions for some US companies.

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