Nasdaq Has Best Day in Nearly 25 Years After Trump Backs Down on Tariffs
April 9, 2025
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Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder trial. He is a graduate of the University of North Carolina-Wilmington. You can get in touch with Gabe by emailing g.whisnant@newsweek.com. Find him on Twitter @GabeWhisnant.
Gabe Whisnant
Breaking News Editor
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The Nasdaq Composite surged by 12.6 percent, its largest one-day jump since January of 2001, after President Donald Trump abruptly reversed course by pausing most of his tariffs on U.S. trade partners for 90 days.
In addition, the S&P 500 soared 9.5 percent to one of its biggest gains since World War II, and its biggest gain since 2008, after Trump paused his tariffs.
This is a developing news story and will be updated as more information is available.
The Nasdaq Composite surged by 12.4 percent, its largest one-day jump since January of 2001, after President Donald Trump abruptly reversed course by pausing most of his tariffs on U.S. trade partners for 90 days. The Nasdaq Composite surged by 12.4 percent, its largest one-day jump since January of 2001, after President Donald Trump abruptly reversed course by pausing most of his tariffs on U.S. trade partners for 90 days.
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