“I guess they say it was the biggest day in financial history,” President Donald Trump told reporters Wednesday afternoon. Later, in an apparent hot-mic moment, he told a fawning senator that the market was up almost seven percentage points. “Nobody’s ever heard of it. It’s gonna be a record.”
US stocks were traded on both sides of the flat line in another volatile session as Wall Street girded for President Trump's massive tariffs.
Donald Trump shocked Wall Street with his surprisingly strong stomach for the stock market plunge that his tariffs precipitated.
President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America’s trading partners bewildered about what the president is attempting to achieve. The U-turn came after the sweeping global tariffs Trump announced last week set off a four-day route in global financial markets, paralyzed businesses and raised fears the U.S. and world economies would tumble into recession.
The major indexes staged a historic rally as President Trump paused many of his largest tariff hikes on trading partners
An alarming spike in 10-year Treasury yields finally persuaded Trump to act on tariffs.
The unusual surge in long-term Treasury yields has rattled investors in the aftermath of President Trump's tariff-fueled "Liberation Day."
A spike in US Treasury bond yields in recent days has sparked market fears that America's safe-haven status could be under threat.
U.S. President Donald Trump on Wednesday signed several executive orders and proclamations focused on deregulating markets, including one aimed at ensuring federal regulations do not block entrants from entering new markets. Trump also signed an order to reverse conservation regulations enacted by the Biden administration to limit pressure for shower heads and other water appliances, calling the rules "ridiculous."
Stocks wanted one thing from Trump after last week's shocking "Liberation Day" announcement. On Wednesday, they got it.