Breaking news

Wall Street Sees Historic Surge As Tariff Delay Boosts Market Sentiment

In a dramatic turn of events, Wall Street rallied to one of its largest single-day gains ever, following President Trump’s announcement of a 90-day suspension on tariffs. This came just hours after their implementation, which had initially roiled financial markets.

Key Highlights

  • The S&P 500 skyrocketed nearly 10%, showcasing the robust recovery of 500 top US companies, while the Nasdaq, driven by tech firms, surged by 12%. Dow Jones wasn’t left behind, marking an 8% increase.
  • Data from FactSet underscored this as a record percentage increase for these indices since events in early 2020 and 2008.
  • Trump’s move to halt tariffs on goods from over 75 countries catalyzed this explosive market reaction. His message on Truth Social incited further investor confidence: “NOW’S A GREAT TIME TO BUY!”

Read more about how Cyprus’s market dynamics might also influence global economic patterns here.

Which Stocks Benefited The Most?

Tech giants saw significant gains: Amazon, Apple, Nvidia, Meta, and Tesla stocks each appreciated by over 10% within just a day. The rally also uplifted the travel industry, with airlines like Delta and United Airlines among the top beneficiaries.

Cautious Optimism Prevails

Despite the day’s enthusiasm, the indices remain below their peaks from late 2024. Analysts caution that it is premature to predict if the trend will continue beyond the 90-day pause.

Jamie Dimon, CEO of JPMorgan Chase, foresees a potential recession, emphasizing the need for strategic trade alliances with Europe and Asia.

CNBC And Statista Spotlight The World’s Top Fintech Companies

Expanding The Fintech Horizon

CNBC, in strategic partnership with market research powerhouse Statista, has opened applications for the fourth edition of its renowned World’s Top Fintech Companies list. Now in its mature phase, this annual compendium identifies leading global fintech entities, spanning startups and established corporations alike, across sectors that include payments, wealth technology, insurance, and the newly introduced regulation tech segment.

Charting A Transformative Era

Fintech has moved from a fast-growing niche into a core part of the global financial system. Digital adoption accelerated during the Covid-19 period, while advances in artificial intelligence continue to reshape financial services. According to KPMG, global fintech investment reached approximately $44.7 billion across more than 2,200 deals in the first half of 2025, reflecting sustained investor interest despite a more selective funding environment.

Building On A Legacy Of Excellence

Last year’s ranking included global players such as Mastercard, Stripe, and Visa, alongside fast-growing companies including Bilt, TerraPay, and Entsia. The expanded 2026 framework reflects industry shifts, particularly the growing role of regulation technology companies that help financial institutions meet evolving compliance and risk management requirements.

A Call For Fintech Leaders

Applications are open to companies developing technology-driven financial services with measurable market impact. Applicants are expected to demonstrate clear product focus, innovation, and business scalability. The submission process, managed by Statista, requests information related to business models, revenue performance, and workforce growth.

Application Details And Key Dates

To apply, interested companies can submit their information online. The application deadline is April 24, 2026. For further clarification on the application process or additional support with the form, inquiries can be directed to Statista via email at topfintechs@statista.com.

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