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iemanja

(55,947 posts) Wed Apr 9, 2025, 04:54 PM Apr 9

Stock market today: Dow explodes 3,000 points higher, S&P 500 has best day since 2008 as Trump pauses most reciprocal ta [View all]

Source: Yahoo Finance

US stocks rocketed higher on Wednesday as President Trump announced a 90-day pause on tariffs for most countries, yet at the same time upped increasingly ballooning levies on China.

The benchmark S&P 500 (^GSPC) roared up over 9.5%, posting its best day since 2008. The tech-heavy Nasdaq Composite (^IXIC) rallied a whopping 12% for its second-best day on record and its biggest gain since 2001. The Dow Jones Industrial Average (^DJI) was up over 7.8%, or roughly 3,000 points.

"I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," Trump posted on Truth Social just before the market lifted off. Trump also said in the post that the US would be raising its tariffs on China to 125%. . . .

Meanwhile, the benchmark 10-year Treasury yield (^TNX) continued a recent surge, moving up near 4.4% after paring some gains.

Read more: https://finance.yahoo.com/news/live/stock-market-today-dow-explodes-3000-points-higher-sp-500-has-best-day-since-2008-as-trump-pauses-most-reciprocal-tariffs-133616395.html

Some great news for those with retirement investments. Trump's erratic behavior on tariffs, however, is another sign of his instability.

33 replies

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Stock market today: Dow explodes 3,000 points higher, S&P 500 has best day since 2008 as Trump pauses most reciprocal ta [View all] iemanja Apr 9 OP

This is embarrassing and the complete opposite of what he's been espousing wolfie001 Apr 9 #1

Only 6000 points below its November benchmark. Torchlight Apr 9 #2

Thank you for the exasperated laugh! chowder66 Apr 9 #16

He will be lucky if it ever comes back near those levels while he is in office (early exit very possible). . nt Bernardo de La Paz Apr 9 #19

Most are not pointing out that important fact Meowmee Apr 10 #31

S&P 500 closed Wednesday 4/09 at 5457, up 9.5% for the day, down 5.6% since election day, down 11.2% from ATH progree Apr 9 #3

Oh my...so NOW all those Countries get to "take advantage of us" for Bengus81 Apr 9 #4

one might suspect there is criminal market manipulation going on msongs Apr 9 #5

Gee, ya think? PSPS Apr 9 #8

Very easy to get away with Shermann Apr 9 #14

Is there an SEC anymore to investigate? mdbl Apr 9 #18

Funny you should mention that. LudwigPastorius Apr 9 #21

Unsteady stock prices like this are not a good sign. hadEnuf Apr 9 #6

My stocks recovered a ton today, not completely. They need to "disarm" this fucking idiot, before he opens his OverBurn Apr 9 #7

same here iemanja Apr 9 #11

It's past time for the Hannibal Lecter treatment. chowder66 Apr 9 #17

The Wild Bill treatment would be better jmowreader Apr 10 #29

Well hell...what would Markets do if it was announced that $4.5 TRILLION $$ Bengus81 Apr 9 #9

MARKET MANIPULATION Owens Apr 9 #10

Republicans, the Party of Organized Crime. OAITW r.2.0 Apr 9 #12

I have called for the RNC/GOP to be RICO'd for 20 years now... IthinkThereforeIAM Apr 10 #26

More likely market manipulation than any tariff policy IronLionZion Apr 9 #13

Trump family is all doing insider trading on this / nt Old Testament Libera Apr 10 #25

Waiting for Himself to say he made the stock market go up N/T tonekat Apr 9 #15

Hahaha... I seen that coming... IthinkThereforeIAM Apr 10 #27

Also, should note that 2008, the year quoted, was a particularly bad year wolfie001 Apr 9 #20

Trump's trying actually just taxing us by calling it a tariff so he can get the tax breaks for the wealthy. cstanleytech Apr 9 #22

Nice, good news for a change! Polybius Apr 9 #23

S&P 500 has best day since 2008... Old Testament Libera Apr 10 #24

It's not reporting, it's cheerleading. SharonClark Apr 10 #28

Great. Now his KKKultists will be crowing about this forever. Orrex Apr 10 #30

he'll say it's because of tariffs 4catsmom Apr 10 #32

It was because of his tariff announcement iemanja Apr 10 #33