Wall Street climbs on news of Trump's 90-day tariff pause

Wall Street reacted positively to the news of Trump's 90-day tariff pause.

The Dow Jones Industrial Average on Wednesday rose 7-point-8-7 percent, or over 2-thousand-962 points, to close at 40-thousand-608-point-4-5.

The tech-heavy Nasdaq soared over 12 percent, up over 1-thousand-857 points from the previous trading session, to close at 17-thousand-124-point-9-7.

Global crude prices also rose on the news of the tariff pause.

On the New York Mercantile Exchange, futures for May delivery for West Texas Intermediate rose more than 4 percent from the previous trading session, while the June delivery for Brent Crude also climbed over 4 percent on the ICE Futures Exchange.