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https://www.cnbc.com/2025/04/09/stock-market-posts-third-biggest-gain-in- post-wwii-history-on-trumps-tariff-about-face.html
Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s surprising tariff reversal is one for the history books.
The S&P 500
skyrocketed 9.52% in a kneejerk reaction to Trump’s announcement to put a 90-day pause on some of the lofty ‘reciprocal’ tariffs. The one-day gain
ranks as the third biggest since World War II for the main stock market benchmark, according to FactSet.
The Dow Jones Industrial Average advanced 2,962.86 points, or 7.87% and
posted its biggest advance since March 2020.
The Nasdaq Composite jumped 12.16%, notching its largest one-day jump
since January 2001 and second-best day ever.
“This is the pivotal moment we’ve been waiting for,” said Gina Bolvin, president of Bolvin Wealth Management Group. “The immediate market
reaction has been overwhelmingly positive, as investors interpret this as
a step toward much-needed clarity.”
The market was a coiled spring after a brutal four-day stretch that
briefly pushed the S&P 500 into bear-market territory. Over the course of
the previous four trading sessions, the S&P 500 suffered a 12% loss, a
decline not seen since the pandemic. The Dow lost more than 4,500 points
during the four-day stretch, while the Nasdaq was down more than 13%.
While stocks managed to recoup much of the losses, investors are not
completely out of the woods as Trump vows to reorient global trade. The president said more than 75 countries contacted U.S. officials to
negotiate after he unveiled his new tariffs last week.
“It’s still too early to signal an all clear,” said Dave Sekera,
Morningstar’s chief U.S. market strategist. “Trade negotiations have yet
to start and once they do, there will be positive and negative headlines
as each party positions itself to extract the maximum amount of
concessions possible.”
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November 5, 2024 - Congratulations President Donald Trump. We look
forward to America being great again.
The disease known as Kamala Harris has been effectively treated and
eradicated.
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.
Durham Report: The FBI has an integrity problem. It has none.
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
--- SoupGate-Win32 v1.05
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