CEO of Apple Tim Cook speaks at an event in 2022.
Jerod Harris | Getty Images Entertainment | Getty Images
Technology stocks surged, with Apple and Nvidia rallying more than 10% after Trump announced a 90-day pause on tariffs for some countries.
Stocks skyrocketed across the board following a multi-day selloff spurred by an aggressive tariff plan from the White House. The tech-heavy Nasdaq Composite climbed more than 8% and was on pace for its best day since 2008, bouncing back after a rocky few trading sessions. Trump said he would raise tariffs on China to 125%.
Apple surged more than 12%, coming off its worst four-day trading stretch since 2000, which resulted in Microsoft unseating it as the most valuable company and a $774 billion drop in market value. Apple recovered its status.
