US stocks surged after news of tariff postponement.

The US stock market rebounded strongly after President Donald Trump's announcement, with the Nasdaq index experiencing its biggest surge in 24 years.

A stock trader at the New York Stock Exchange on April 9.

At the close of trading on April 9th, key US stock indices such as the S&P 500, DJIA, and Nasdaq Composite all rose sharply, with the Nasdaq surging by over 12%. This was the second-largest single-day increase in US stock market history. Previously, the index had risen by over 14% in January 2001.

The S&P 500 index rose 9.52%. According to FactSet, this is the third largest increase since March 2020 for the main index on the US stock market. Similarly, the DJIA also increased 7.87% - its strongest gain since June 2020.

US stocks surged across the board after President Donald Trump announced a 90-day postponement of retaliatory tariffs on countries excluding China. This announcement relieved pressure that had weighed on the market for the past week.

The Nasdaq Composite index rose over 12% on April 9th ​​– its strongest gain since early 2001.

Apple shares surged more than 15% – its biggest single-day gain since January 1998. Apple had just experienced its worst four-day trading streak since 2000, causing it to lose its position as the world's most valuable company to Microsoft, with its market capitalization plummeting by $774 billion. However, after the April 9th ​​trading session, Apple regained this position.

Many technology stocks also recorded double-digit growth, such as Nvidia (22%), Meta (nearly 15%), Amazon (12%), and Microsoft and Google's parent company, Alphabet, both rising around 10%.

Semiconductor stocks, which had previously fallen sharply due to concerns about tariffs reducing demand for electronics and slowing economic growth, also recovered. AMD shares rose 24%, while Intel shares gained 19%, and Broadcom and Apple suppliers such as Qorvo and Skyworks Solutions posted gains of more than 18%.

According to Gina Bolvin, President of Bolvin Wealth Management Group, this is the pivotal moment investors have been waiting for. "The immediate reaction from the market has been positive as investors see this as a step toward clarity," Bolvin said.

Similarly, Vital Knowledge founder Adam Crisafulli also believes that the postponement of tariffs has removed immense pressure from the market, triggering a strong recovery.

However, the chief US market strategist at Morningstar cautioned that it was too early to think all the risks were over. "Trade negotiations haven't even begun. When they do, there will certainly be a mix of negatives and positives as each side tries to maximize its own benefits," said Dave Sekera.

TB (summary)

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