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President Trump on Wednesday catapulted US stocks to one of their biggest one-day rallies in the past century with a single post on social media.
At 1:18 p.m. ET, Trump posted on his social media platform Truth Social there would be a 90-day pause on his steep "reciprocal" tariffs on non-retaliating countries.
"I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," part of Trump's post read.
The market exploded ...
>>> Read more: US stocks stage historic rally as Trump's 90-day pause takes worst case scenario 'off the table'
At 1:18 p.m. ET, Trump posted on his social media platform Truth Social there would be a 90-day pause on his steep "reciprocal" tariffs on non-retaliating countries.
"I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," part of Trump's post read.
The market exploded ...
>>> Read more: US stocks stage historic rally as Trump's 90-day pause takes worst case scenario 'off the table'