Stocks skyrocketed in a kneejerk reaction to President Donald Trump's announcement to put a 90-day pause on some of the lofty 'reciprocal' tariffs.

The U.S. stock market has gone taken a nosedive since President Donald Trump announced tariffs for many countries around the world. Here's what to know.

While investors might not be thrilled with President Trump's tariff policies or Wall Street's reaction through the early stages of his second term, one thing that's a veritable certainty is that the latest elevator move lower in the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite provides an opportunity for long-term investors to shine.

Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs unveiled last week that roiled markets and erased trillions of dollars from global stock markets.

As U.S. lenders begin to report earnings this week, investors' focus will likely shift from profits to bank bosses' remarks on the economy after President Donald Trump unveiled steep tariffs and triggered a market selloff.

Trump hikes China tariffs to 125% while cutting others

The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.

The Nasdaq inched higher on Wednesday, as investors bought beaten-down technology stocks in a choppy session that remained centered on tariff moves as China retaliated with more levies on U.S. goods.

Trump’s decision to pause his “reciprocal” tariffs on most countries for 90 days helped reduce some of the huge fall in equities in recent days, which had been prompted by Trump’s “liberation day” tariff announcement a week ago.