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Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 9% in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.

Shares of department store chain Macy’s (NYSE:M) jumped 17% in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.

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. The policy changes also include a lowered overall tariff of 10% during that 90-day period, and an increase in tariffs on Chinese imports to 125%, from the 104% that went into effect overnight. TREASURIES: U.S. Treasury benchmark yields pared gains after the tariff announcement, following a government auction of $39 billion 10-year notes that suggested good demand.

"Broad economic uncertainty around global trade" has led to stalling growth for Delta Air Lines, CEO Ed Bastian said.

Netflix's stock is a new “top pick” of analysts at Morgan Stanley, who see the streaming giant as well-positioned to withstand the current tariff landscape.

(Bloomberg) -- A pullback from US Treasuries sent longer-term yields surging by the most since pandemic struck in 2020, deepening losses in what’s supposed to be a haven from financial turmoil and roiling markets abroad as investors sold government bonds.The yield on 30-year Treasuries briefly pushed over 5% in Asia and the pressure seeped into other markets, with yields rising sharply in Australia, the UK and in the developing world. The selloff eased during the US trading day as stocks rebound

(Reuters) -U.S. corporate bond market issuances have dried up after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump's sweeping tariffs widened the most since the 2023 regional banking crisis. Since Trump's tariff announcements exactly one week ago on April 2, corporate bond spreads, or the cost to borrow, have widened to their highest levels in nearly two years. Both investment-grade and junk bond spreads have seen the most one-week widening since the regional banking stress in March 2023 that resulted in the collapse of Silicon Valley Bank and other banks, according to Dan Krieter, director of fixed income strategy at BMO Capital Markets.