Markets Respond to Trump's Tariff Announcements

In a dramatic turn of events, the United States stock markets experienced significant gains on Wednesday. This surge followed President Donald Trump's announcement regarding the postponement of tariffs on most countries, coupled with an increase in duties on China to 125%.

Record-Breaking Performance

By 1:32 pm ET, the Dow Jones had soared by 5.91%, or 2,250 points. Simultaneously, the Nasdaq 100 and the S&P 500 saw impressive increases of 8.10% and 6.70%, respectively.

Currency Movements

At 1:33 pm ET, the euro was trading 0.16% above the dollar, with an exchange rate of 1.09664.