U.S. stock markets rallied sharply today, lifted by growing optimism around the possibility of a 90-day freeze on new tariffs. The Dow Jones Industrial Average soared more than 1,300 points in early trading — one of its largest single-day increases in recent months — as reports emerged that former White House economic adviser Kevin Hassett is involved in conversations aimed at temporarily pausing upcoming tariff hikes.
Dow and Nasdaq Rally as Confidence Builds
The Dow Jones jumped by over 3.3%, driven by gains in key sectors like manufacturing, energy, and financials. Meanwhile, the Nasdaq posted a nearly 4% increase, boosted by strong performances from major tech names such as Apple, Nvidia, and Tesla. The S&P 500 followed suit, rising more than 3% and helping to lift broader market sentiment.
What Sparked the Rally?
Investor enthusiasm was largely ignited by reports tied to insiders from former President Donald Trump’s policy circles. The buzz? A proposed 90-day pause on tariffs, seen as a strategic move to reduce global trade friction and give negotiators time to revise agreements.
Dubbed by some as the “Trump Tariff Pause”, this potential delay is being promoted by Kevin Hassett, who has privately advocated for the plan. Analysts say such a move could offer near-term relief for businesses grappling with rising import costs and inflationary pressures.
Futures Rise Ahead of Opening Bell
Before markets officially opened, stock futures showed strength. Dow futures, Nasdaq futures, and S&P 500 futures were all in positive territory, setting the tone for a bullish trading session. Investor appetite increased across sectors, especially in technology, retail, and industrial stocks.
Wider Market Reaction
Media outlets such as Bloomberg, CNBC, and Fox Business confirmed growing speculation around the tariff freeze. Although discussions remain informal, momentum appears to be building. If enacted, the 90-day tariff pause would be viewed as a short-term win for global markets, which have been rattled by ongoing trade uncertainty.
Overseas, the rally had a ripple effect. Major European indices including the FTSE and DAX saw gains, while Asian markets closed with solid increases in response to Wall Street’s early strength.
Snapshot of Today’s Market Movement:
- Dow Jones: +1,300 points
- Nasdaq: +3.9%
- S&P 500: +3.4%
- Stock Futures: Strong gains across all major indices
- Primary Catalyst: Anticipated 90-day suspension of new tariffs
When Does the U.S. Market Open?
The U.S. stock market opens at 9:30 AM EST and closes at 4:00 PM EST. Pre-market trading typically begins at 4:00 AM EST, giving early signals of how the trading day might unfold.
Closing Thoughts
Today’s rally reflects a renewed sense of optimism across markets, though caution remains. With the proposed tariff pause still unconfirmed, analysts warn that volatility could return if negotiations stall. Nevertheless, investors are encouraged by signs that economic diplomacy may win out over further trade escalation.
Stay updated as more developments unfold — and keep a close watch on futures to track momentum heading into the next session.