US stocks soar on Trump tariff reversal, oil prices jump

Quick Summary:

NEW YORK - Wall Street stocks rocketed higher Wednesday following President Trump's shock move to pause many new tariffs, lifting an equity market beaten down by days of losses amid rising recession worries.

Volatility in the US bond market, including a jump in yields over the last week, has rattled investors, prompting talk that US Treasuries could be losing their status as a safe haven asset.

New York - Nasdaq Composite: UP 12.2 percent at 17,124.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: ThailandChinaHong Kong

Topics: Last York Trump Percent Wednesday Tariff European Tariffs Investors Markets China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 05:45:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 721 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 27769919

View Article Analysis

About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 10 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

Frequently Asked Questions