Stocks soar after Trump pauses tariffs on some, pushes China even more | 9 April 2025 | U.S. stocks spiked early Wednesday afternoon after President Trump pivoted on his tariff strategy pausing tariffs on those nations willing to negotiate, while ramping up tariffs on China by 125%. The Dow Jones Industrial Average spiked over 2,000 points or 6%, while the tech-heavy Nasdaq which was first to sink into a bear market last Friday, jumped over 8% and the S&P 500 added nearly 7%.