The U.S. stock market remained volatile Thursday despite the 90-day reprieve on many of President Donald Trump's "Liberation Day" tariffs, despite a brief midday run up.

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Trump blinks, Wall Street soars Wall Street clocked one of its best days in history on Wednesday after President Donald Trump announced a 90-day pause on tariffs and reduced levies on many countries,

After President Trump announced he would temporarily pause most of his tariffs, U.S. stocks rose to one of their best days in history.

The rally followed President Trump’s announcement on Truth Social that he would pause some of his global “reciprocal” tariffs for 90 days, capping tariffs for most nations at 10 percent. In the same post,

The White House said it was backing off on higher levies for trade partners that had agreed to negotiate, although Trump said he would raise tariffs on goods from China even further, to at least 125% "effective immediately".

President Donald Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.

The Dow industrials and S&P 500 give back some gains from Wednesday’s historic rally.

A beaten-down stock market roared back with a vengeance Wednesday after President Donald Trump announced he would delay certain tariffs on most countries, except China, for 90 days.