Shares rise after Trump has announced a break for some tariffs with the exception of China

The US stocks rose on Wednesday for one of their best days in history in an euphoric wall street after President Donald Trump said that he would temporarily withdraw in most of his tariffs, as the investors had hoped for as desperately.

The S&P 500 rose by 9.5%, an amount that would be considered a good year for the market. It was earlier a day because of the worries that Trump’s trade war could bring the global economy into a recession. But then came the posting on social media that the investors had waited worldwide and wanted.

“I approved a 90 -day break,” said Trump, after recognizing the more than 75 countries, which he negotiated on the trade and had not distributed himself against his recent tariffs.

Finance Minister Scott Bessent later said that Trump held his so -called “mutual” tariffs for most of the country’s largest trading partners, but had retained his 10% tariff for almost all global imports.

However, China was a big exception, and Trump said that the tariffs rose up to 125% against his products. This increases the possibility of further fluctuations that could indemnify the financial markets. The trade war is not over yet, and an escalating struggle between the two largest economies in the world can cause a lot of damage. US shares are still below, where they were only a week ago when Trump announced worldwide tariffs in the “liberation day”.

At least on Wednesday the focus was positive on Wall Street. The Dow Jones Industrial Average shot a profit of 2,962 points or 7.9%. The NASDAQ composite jumped by 12.2%. The S&P 500 had its third best day since World War II.

The relief came after doubts came about whether Trump took care of the financial pain that the US stock market took because of its tariffs. The S&P 500, the index, which is in the center of many 401 (K) accounts, came to the day less than two months ago, which is almost 19% under its record.

This surprised many professional investors who had long thought that a president who scratched the dow’s records under his watch would fall back on the guidelines if they worked.

The rally on Wednesday pulled off the S&P 500 index from the edge of a so -called “bear market”. This is what specialists call it when an ordinary decline of 10% for US shares, which occurs every year or something, complete a more malignant fall of 20%. The index has now declined by 11.2% compared to its record.

Wall Street also increased by a relatively smooth auction of the US treasure search on the bond market on Wednesday. Earlier jumps in the financial returns had rattled the market, which indicates an increasing level of stress. Trump himself said on Wednesday that he had watched the Bond market “a little Muldig”.

Analysts say that there could be several reasons behind the increase in yields, including hedge funds and other investors who have to sell their finance bonds to collect cash to compensate for losses on the stock exchange. Investors outside the United States may also sell their US state bonds because of the trade war. Such actions would reduce prices for treasury, which in turn would increase their returns.

Regardless of the reasons for this, higher returns for prosecutors put pressure on the stock market and press the interest rates for mortgages and other loans for US households and companies.

The movements are particularly noteworthy, since the US finance ministries have dropped for the market in the past -not increased -since the bonds are normally regarded as some of the safest investments. The sharp rise of this week had returned the 10-year ministry of finance at the end of February.

After approaching 4.50% in the morning, the 10-year return returned to 4.34% after Trump’s break and the auction of the Ministry of Finance. That is still 4.26% late Tuesday and only 4.01% at the end of the last week.

Of course, the trade war is not over yet. Besser and Trump clearly showed her anger in China, which enlarged his own tariffs for US goods and announced other countermeasures with every step that Trump has taken.

China previously said it would increase tariffs for US goods to 84% on Thursday. “If the United States insists on escalating its economic and trade restrictions, China has the company and plenty of means to take over the necessary countermeasures and to fight until the end,” said the Ministry of Commerce.

Later, the US finance minister said to the countries worldwide in a message, but may be aimed at the direct of China:

On Wall Street the profits to the US stock markets were widespread, and 98% of the shares in the S&P 500 index gathered.

The prerequisites were airlines and other stocks that are confident enough to travel to work or for vacation.

Delta Air Lines rose by 23.4%. In the past, it had made financial forecasts for 2025, since the trade war replaced the expectations of corporate and budget expenses and the depression of bookings in the entire travel sector.

The S&P 500 with 474.13 points higher at 5,456.90 points. The Dow Jones Industrial reached 2,962.86 to 40,608.45, and the Nasdaq Composite rose to 1,857.06 to 17,124.97.

In the stock markets abroad, the indices fell over most of Europe and a large part of Asia after being closed before Trump’s announcement.

London’s FTSE 100 dropped by 2.9%, Tokyo’s Nikkei 225 sank 3.9%and the CAC 40 fell by 3.3%in Paris. The Chinese stocks were an outlier and the indices in Hong Kong rose by 0.7% and 1.3% in Shanghai.

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AP Business authors Matt Ott and Elaine Kurtenbach contributed.