US President Donald Trump authorized a 90 -day break as part of his tariff plan, but also increased the tariff rate for China to 125%, immediately in effect. The previously announced 104% rate on China kicked in on Wednesday. Dow Surnes 2600, S&P 500 Up 8% US stocks rose on a euphoric Wall Street on Wednesday after President Donald Trump said he would temporarily go back on most of his global rates because investors hoped he would do so. The S&P 500 was 8% higher in the afternoon trading and headed for one of its best days in decades. On Tuesday, the S&P 500 took place between a 4% profit and a 3% loss for a second consecutive day of shocking reversal. The Dow Jones industrial average was 2.665 points, or 7.1%, from 14:00 eastern time, and the Nasdaq composition was 10.3% higher. Major technological stocks have still led profits, with Apple AAPL.O rising 10% and NVIDIA NVDA.O by 13%. All major sub -sectors on the S&P 500 were higher, with information technology and discretionary of consumers, with 11% and 8.5% respectively. The CBOE volatility index .vix – seen as Wall Street’s ‘Fear Gauge’ – was last at 36.78 points. In stock markets abroad, indices tumbled in most of Europe and a large part of Asia. London’s FTSE 100 fell 2.9%, Nikkei 225 from Tokyo fell 3.9% and the CAC 40 dropped 3.3% in Paris. Chinese stocks were an outlier, and indices rose 0.7% in Hong Kong and 1.3% in Shanghai. Oil prices higher than 3% of oil prices rose on Wednesday and returned from four years lows earlier in the session, after US President Donald Trump announced that it would further increase rates on China, but the tariff increases it announced for most other countries last week will interrupt. Brent futures rose $ 1.82, or 2.9%, to $ 64.64 a barrel at 14:02 EDT (1802 GMT). The US Western Texas -Intermediate Ru -Terme contracts earned $ 1.92, or 3.22%, at $ 61.50, Reuters reports. Both contracts lost about 7% earlier in the session before the turnaround. First Published: 10 Apr 2025, 12:02 am Ist
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