Yahoo Finance

And that is the closing bell on Wall Street. And now it is market domination overtime. Jared Blickree is going to be along in a moment to give us some more details from today's session. But let's start with those major averages and just the incredible, incredible session that we have had and turnaround that we saw today after the announcement from President Trump that there would be a pause for 90 days on the most the highest tariffs on most countries. A couple of exceptions here. China's tariff is actually going to go up to 125%. The baseline tariff for most other nations will be 10% and there are still 25% tariffs on Canada and Mexico. We're going to get more details on all of that in a few moments from our Ben Wurshkol. But if you look at the numbers here, Dow rising by more than 2900 points, that's good for a gain of 8%. The S&P 500 up 9.5% and the Nasdaq composite finishing the day higher by 12% here. Jared Blickree at the Nasdaq's got a closer look at today's action. Um the remarkable action that we saw today.

Hey Jared.

Thank you, Julie. Uh it's just been incredible. Yes, I was actually here just a little bit ago taping a stocks in translation episode with Sydney and we got to walk around and talk to some of the traders. Just uh absolute frenetic action right now. A couple interesting stats, the S&P 500 and the Nasdaq, uh Nasdaq 100 had their best day since October of 2008. Nasdaq composite, by the way, had its best date since 2001. And let's go to the WiFi interactive so we can chart some of the heat maps here. If we got a little time, I'll even get into the VIX, which is now in the 30s. It was at a 60 just days ago. Here we're looking at the sector action, uh XLK, that's tech, that is up 13.4%. XLY is consumer discretionary where we have Amazon and Tesla. This is the best day ever for that ETF going back to January of 1999. That was inception. Even utilities, which is a laggard of the group and staples only up 3.8%, healthcare up 4%. But let's go to the Nasdaq 100 where we can see some of the names that have got just gotten so much heat and so much uh beating down this year are just flying right now. Apple up 15%, Microsoft up 10, Nvidia up almost 19%, meta up about 15, Alphabet 10, Amazon 12, Tesla 23%, and let's just put some of this in context. I'll show you a one-year chart so you can see uh Tesla recently got cut in half and now it's making its way back up. You can see it still got a long ways to go here, but a really interesting start. I'll also chart some Apple for you. Um this is one year as well and you can see uh a bit of a nice rise off of those levels that we're seeing. And I just want to point out something in the S&P 500. Um let's go to the let's go to the year-to-date chart. We have now surged right back to this area where we just fell off a cliff. And it's going to be really interesting to see if we get in this area, what do traders do. A lot of traders were buying the dip in there. A lot of those traders are going to want to sell to break even. And so we do need more positive catalysts to break beyond this price level, but a really interesting start here. And also I want to check in on the VIX real quickly because the VIX is now at 33. I said it was at 60 just a few days ago. These are closing prices only. Uh but this is getting back into uh somewhat normal territory and this just pri uh provides a very good institutional look at who's hedging and these are the big players that are hedging in the VIX in the S&P 500. Uh we can also take a look at the bond market volatility. That is incredibly elevated as well. And to close here, I'll just go back through some heat maps. I want to check in on the semiconductors because those have been led by Nvidia. Uh Nvidia, just a Kahuna up, as I said, almost 20% there. AMD over here, that is up 24%. Texas Instruments, a slower mover, that's up 16. Intel almost up 20 as well. And let's check in on the Arc Innovation components. Aside from Tesla here and I'm going to sort by performance. You can see Robin Hood up 23%, Unity up 19, Shopify up 19. So across the board, we're just seeing a lot of risk-on action today. Haven't seen many red squares and I guess I'll close on the Dow here. No red to be seen. The laggard, J&J, seems to be up about almost half a point. But just uh to recap, a lot of surprises today and uh very bullish end to this frenetic action.