Stocks surged after President Donald Trump said he’d pause some tariffs on dozens of countries for 90 days, signaling a tentative reprieve in trade hostilities.
The S&P 500 surged as much as 8.3% with almost every company gaining, following four sessions of volatile, high-volume trading that pushed the index to the brink of a 20% bear-market plunge.
Trump’s announcement came after days of mounting market stress and a chorus of pleas from his billionaire allies that he pause the implementation of his global tariff program. Gina Martin Adams reports.
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