STORY: :: An analyst says 'everybody's breathing a sigh of relief' after Trump's 90-day tariff pause:: April 9, 2025:: Stephen Kates, Bankrate financial analyst :: "The market has rallied up in a massive way. I think this might be, by my estimation, I think this might be a top 10 single day rally in history for the S&P. The Nasdaq, I think, was up 12%, so those are massive moves. Obviously, the market is showing a significant amount of confidence in this move. A lot of very happy people.":: "I think this is a massive, massive benefit for consumers, for investors. I think everybody's breathing a sigh of relief because it's been extremely chaotic for the last few days. Obviously, this leaves us with at least 90 days of slightly more stability than we've had, which is great. I think it puts investors in a position where they can hopefully reset, regroup and probably rebalance."The rally, which followed Wall Street’s worst four-day stretch since the pandemic, was triggered by an afternoon announcement from Trump that he would lower tariffs for most U.S. trading partners—while simultaneously raising duties on Chinese imports to 125%.The pause of heftier tariffs on dozens of countries came less than 24 hours after they kicked in. However, the White House kept a 10% blanket duty on almost all U.S. imports.