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Tech Stocks Surge as Trump Announces 90-Day Tariff Pause
The announcement of a 90-day tariff pause by President Trump led to a historic surge in U.S. stock markets, with significant gains in major indices and a collective $1.5 trillion increase in market value for the "Magnificent Seven" tech stocks.
On April 9, 2025, U.S. stock markets experienced a historic surge following President Donald Trump's announcement of a 90-day pause on most tariffs, while increasing tariffs on Chinese imports to 125%. This development led to significant gains across major indices and notably boosted the "Magnificent Seven" tech stocks.
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Market Indices Performance:
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The Dow Jones Industrial Average rose by 7.9%, closing at 40,608.45 points.
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The S&P 500 increased by 9.5%.
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The Nasdaq Composite surged by 12.2%, marking its best performance since 2001.
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"Magnificent Seven" Tech Stocks:
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Collectively, these companies added over $1.5 trillion in market value.
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Tesla's shares jumped over 17%.
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Nvidia and Meta Platforms also saw double-digit increases.
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Investor Sentiment:
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The tariff pause alleviated some market uncertainties, leading to a rebound in tech stocks that had previously faced declines due to trade tensions.
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Despite the positive market reaction, analysts caution that underlying economic uncertainties and ongoing trade tensions, particularly with China, persist.
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