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

As expected Wall Street rallied following news of a 90-day pause in U.S. tariffs on its trade partners.

The Dow Jones Industrial Average on Wednesday surged 7-point-8 percent to close at 40-thousand-6-hundred-8-point-4.

The tech-heavy Nasdaq soared over 12 percent to end its session at 17-thousand-1-hundred-24-point-9.

Global crude prices also rose.

On the New York Mercantile Exchange futures for May delivery for West Texas Intermediate gained over 4 percent while the June delivery for Brent Crude also jumped over 4 percent on the ICE Futures Exchange.