NEWS BRIEF
NEW YORK (AP) — U.S. stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Donald Trump said he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would.
NEW YORK (AP) — U.S. stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Donald Trump said he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would.
The S&P 500 surged 9.5%, an amount that would count as a good year for the market.
It had been sinking earlier in the day on worries that Trump’s trade war could drag the global economy into a recession.
But then came the posting on social media that investors worldwide had been waiting and wishing for.
“I have authorized a 90 day PAUSE,” Trump said.
