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Markets surge as Trump hits pause on tariffs – Bitcoin skyrockets to $82K in dramatic rally.

A spike in US Treasury bond yields in recent days has sparked market fears that America's safe-haven status could be under threat.

U.S. President Donald Trump on Wednesday signed several executive orders and proclamations focused on deregulating markets, including one aimed at ensuring federal regulations do not block entrants from entering new markets. Trump also signed an order to reverse conservation regulations enacted by the Biden administration to limit pressure for shower heads and other water appliances, calling the rules "ridiculous."

Stocks wanted one thing from Trump after last week's shocking "Liberation Day" announcement. On Wednesday, they got it.

Short interest on the Nasdaq rose 0.6% in late March, the exchange said on Wednesday. Investors who sell securities 'short' borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.

Electronics distributor Richardson Electronics (NASDAQ:RELL) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 2.7% year on year to $53.8 million. Its non-GAAP profit of $0.11 per share was 37.5% above analysts’ consensus estimates.

Tesla shares soared in Wednesday afternoon trading, leading other Magnificent Seven members higher amid a broad relief rally as President Trump announced a 90-day pause on some of the tariffs announced last week.