US stock market surges after Trump tariff pause. Nasdaq index has it’s best day since 2001

The Pres. Trump announcement that there would be a 90 day tariff pause for some countries sent the pressured stock market sharply to the upside in the US.

The Nasdaq had it’s best day since January 3, 2001 when the index rose 14.17%. The index gained 1857.06 points or 12.16% today.

The S&P soared by 434.13 points or 9.52% . Back on March 24, 2020, the index rose 9.38%. On March 13, the index rose by 9.29%. Going back to October 28, 2008, the index rose 10.79%, and on October 13, 2008 the index rose 11.58%.

The Dow industrial average rose 2962.86 points or 7.87% to 40,608.45.

The Small-cap Russell index gained 152.45 points or 8.66% to 1913.16. That was it best day since March 24, 2020 when the index rose by 9.391%

This article was written by Greg Michalowski at www.forexlive.com.