Markets Soar After Tariff Announcement

In a dramatic turn of events, Wall Street witnessed a significant surge in market indices following President Donald Trump's announcement to pause reciprocal tariffs on most countries for 90 days, imposing a reduced 10% tariff during this period.

Record-Breaking Gains

The Dow Jones Industrial Average experienced an unprecedented rise, climbing 7.23% or 2,725 points by 2:19 pm ET. Similarly, the Nasdaq 100 and S&P 500 saw remarkable increases of 9.60% and 7.89%, respectively, around the same time.

Currency Impact

Meanwhile, the euro saw a slight decline against the dollar, trading at 1.09428 by 2:24 pm ET, down by 0.16%.