U.S. Stock Market Sees Record Gains Amid Tariff Pause Announcement

The Nasdaq closed 12% higher, marking its second-largest gain ever, after President Trump paused tariffs for 90 days. Key points include:

MSTR stock surged 25%
S&P 500 rose nearly 10%, its third-largest single-day gain
Historical context shows previous large rallies occurred during recessions in 2001 and 2008
Speculation exists regarding the tariff pause due to rising bond yields, with Japan's bond selling impacting markets
The VIX recorded the largest one-day percentage drop in history, closing at 34
Bitcoin briefly rallied above $82,000 but remains in a downward channel since January