Wall Street closes with its biggest rally since World War II after Trump's tariff pause

The S&P 500 soared a staggering 9.5%, while the Nasdaq jumped 12.2% and the Dow Jones jumped 7.9%.

Wall Street, in a file image.Wikimedia Commons / Carlos Delgado

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April 10, 2025

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The financial market closed Wednesday on one of the biggest rises ever seen since World War II, after U.S. President Donald Trump decided to pause his tariffs against most countries, as many investors had expected. Stocks soared, even as the Republican leader raised tariffs on China to 125% in response to a similar move by the Chinese regime, in what promises to be a trade war in which none of the players seem willing to budge anytime soon.

Thus, the S&P 500 soared by an astonishing 9.5%, while the Nasdaq jumped 12.2% and the Dow Jones by 7.9%. Likewise, gold prices soared to $3,100 per ounce today, in what different media have already deemed the best day that continuous contracts for the precious metal have experienced since 2023. Similarly, U.S. crude oil futures experienced a strong improvement after the tariff pause announced by the Republican leader, closing at $62.35 per barrel, representing a rise of more than 4%.

Strong recovery

The figures witnessed during the close were more than positive, representing a shake-up in the market through which the main stock market indexes experienced a day of strong gains that they had not experienced in years. The best example would come to be the S&P 500, which posted its best gain since 2008 during the administration of then-President George W. Bush. Meanwhile, the Nasdaq Composite posted its best gains in 24 years, while the Dow Jones saw its best market day since 2020. Even the Dow Jones Market Data revealed after the close that the index of the famous blue chips, which represent the largest and most stable companies, had a total rebound of 2,963 points, representing the biggest gain in points in its entire history.

The upward movement began shortly after noon in New York City, when Trump posted on his social network Truth Social: “More than 75 Countries have called to negotiate a solution...and have not, at my strong suggestion, retaliated in any way, shape, or form. “I have authorized a 90-day PAUSE and a substantially lowered reciprocal tariff during this period of 10%, also effective immediately." Subsequent to this message, the three major stock market indexes rose as they had not done since World War II.

Recovery of Treasury bonds

Another element that also came under heavy scrutiny during the market close was the massive sell-off in U.S. Treasury bonds. Far from suffering a drop, the yield on the 10-year note, which is the major benchmark for trillions of dollars in loans and securities, rose 4.47% before falling to 4.41% after news of the tariffs broke and a huge demand was recorded a few minutes later at a 10-year bond auction.

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