That means rally.

Dow surges 2,300 points for biggest rally in 5 years after Trump pauses some tariffs – Stocks surged Wednesday after President Donald Trump announced a pause in some of the ‘reciprocal’ tariffs, causing a market that’s been under extreme pressure for the last week to explode higher.

The S&P 500 skyrocketed 7.6%, on pace for its biggest one-day gain in five years. The Dow Jones Industrial Average advanced 2,423 points, or 6.4%, also its biggest gain since 2020. The Nasdaq Composite jumped 9.8%.