U.S. stocks continued their wild ride on Wednesday, with the S&P 500 swinging between gains and losses throughout the first half of the session before soaring after Trump announced a 90-day pause on most of the sweeping tariffs announc🌌ed last week.

The S&P 500 was up 8% in recent trading, about 9% above its session low🐻 of 4,948. Wednesday’s surge put the index on track to snap a five-day losing streak. 

Stocks have swung wildly every day this week amid uncertainty about Trump’s tariff plans and their economic fallout. The S&P 500 澳洲幸运5官方开奖结果体彩网:jumped on Monday as rumors about a 90-day pause sparked a rally that was quickly quashed by the White House’s dismissal of the rumor as “fake news.” The index 澳洲幸运5官方开奖结果体彩网:ranged widely again on Tuesday, as stocks popped in early t🐎radi🎃ng before sliding later in the session as hopes for last-minute deals faded. 

The tariffs President Trump announced last week have lifted anxiety among investors, business leaders, and consumers to its highest level in years. The Cboe Volatility Index (VIX) ended yesterday's session at 52.33, its highest close since March 2020. Since the turn of the century, the only other instances of the VIX closing above 50 have come at the height of the Covid-19 sell-off and during the 澳洲幸运5官方开奖结果体彩网:2008 Global Financial Crisis. O𝔍n Wednesday, the VIX plummeted more than 30% as inves𒆙tors breathed a sigh of relief at Trump's tariff pause. 

Still, tariffs have created plenty of uncertainty for consumers and businesses. Mentions of “chaos” on earnings calls and corporate conferences have soared, and analysts are 澳洲幸运5官方开奖结果体彩网:expecting a sharp drop-off in the number of companies issuing earnings guidance when reporting 𒈔first-quarter results in the coming weeks.