IXIC: Nasdaq Composite Logs Best Day in 24 Years, Up 12% as Euphoria Sweeps Wall Street

The tech heavy index booked its second best day ever after President Trump staged the ultimate U-turn—most tariffs are on pause for 90 days.

🔥 The 90-Day Pause That Made History

• The Nasdaq Composite index IXIC skyrocketed more than 12% on Wednesday for its second best day in history, the best showing since 2001, after President Trump stunned everyone and their dog with the decision to pause tariffs on some countries for 90 days. The announcement wasn’t through the official channels, rather, he posted a post.
• “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump posted on his Truth Social.

🎯 Trump’s Investment Advice Pans Out

• That’s all the markets needed — boatloads of shares were bought that day, delivering a windfall to those who participated in the rally. But a few hours before that, there was a not-so-subtle investment advice from the President himself.
• Just minutes after the cash session opened for trading, Trump posted “THIS IS A GREAT TIME TO BUY!!!” on his platform. And what a correct advice this was (probably easier to pull it off when you’re the one orchestrating the whole thing). The wild bonanza showed investors never really abandoned stocks. Especially Tesla.

📞 Tesla Wins Investors Back

• Tesla TSLA was the biggest winner among the popular names — up a mammoth 22% — arguably because shares were down the most — 55% — prior to the sweeping rally. The other Magnificent Seven members loved the attention, too. Apple AAPL soared 15% for its best day since 1998 (even though China is facing huge tariffs, still).
• From entering a bear market just last week, down more than 20%, the Mag 7 collectively added more than $1.5 trillion in value in yesterday’s session. The big question remains: “Are we so back? Or just a little back?”
• Meanwhile, China’s response to raise its tariffs on the US to 84% prompted Trump to slap an additional 21% to a total of 125% effective immediately.