US stocks surged on Wednesday after Donald Trump backed off his plans to hit a huge swath of trading partners with steep tariffs, but investors and analysts said uncertainty over the duties would persist.
The S&P 500 jumped 9.5 per cent on Wednesday, while the tech-heavy Nasdaq Composite jumped 12 per cent, the best days since 2008 and 2001, respectively, according to FactSet data.
Trump’s decision to pause his “reciprocal” tariffs on most countries for 90 days helped reduce some of the…
Read the full article here
