US stocks surged dramatically after President Trump announced a 90-day pause on most reciprocal tariffs, excluding those on China. The Dow soared over 2,900 points, the S&P 500 saw its best day since 2008, and the Nasdaq its best since 2001. While this brought temporary relief, uncertainty remains due to ongoing trade tensions with China and the volatile bond market. Investors remain cautious despite the significant market rally, highlighting the unpredictability of Trump's trade policies.

Prepared by Christopher Adams and reviewed by editorial team.