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NEW YORK; Wall Street stocks rocketed to close solidly higher Wednesday (Apr 9), with dramatic advances on all three major indexes as US President Donald Trump delayed steep new tariffs hours after they took effect.
The Dow Jones Industrial Average surged 7.9 per cent to 40,608.45 and the broad-based S&P 500 Index rallied 9.5 per cent to 5,456.90.
The tech-focused Nasdaq Composite Index jumped 12.2 per cent to 17,124.97.
All three indexes bounced on Wednesday afternoon as Trump announced a 90-day pause in country-specific tariffs that came into place earlier that day, except levies on Chinese goods.
Affected US trading partners excluding China would instead face a 10 percent tariff rate, temporarily reverting to a level that took effect over the weekend, though that already roiled markets.
