US Edition
Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation
- On April 9, 2025, President Trump announced a 90-day pause on most tariffs unveiled a week earlier, excluding those on China, easing market tensions.
- This pause followed fears raised by steep tariffs announced on April 2 that caused a rapid 12% S&P 500 drop and nearly 4,600-point Dow loss.
- The announcement, made on social media, aimed to negotiate tariffs with trading partners and push companies to relocate manufacturing to the U.S., goals that conflicted.
- The S&P 500 surged 9.5%, recording one of its best days, while the Treasury secretary cited U.S.-China de-escalation, and Trump stated bond investors were "getting a little queasy."
- Despite strong profits and job growth supporting markets, uncertainty about tariffs' lasting impact persists, with experts warning stocks could fall again after the pause expires in July.
163 Articles
163 Articles
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Wall St rebound rolls on as trade tensions ease, ASX slips on Westpac's $3.5b interim profit
Better-than-expected jobs figures and easing trade tensions have driven Wall Street higher. However, the ASX has opened lower on a disappointing Westpac result and falling oil prices. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
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