The Nasdaq Composite experienced a significant surge, closing up 12.16% on April 9, 2025, marking its second-largest gain in history. This performance was the index's best day since January 3, 2001, when it rallied over 14%. The Nasdaq 100 also saw a substantial increase, rising over 9.5% during the day, which positioned it for its fifth largest intraday gain in history. By the close of trading, the Nasdaq 100 was on pace for its second-best day ever. The rally was spurred by President Donald Trump's announcement of a 90-day pause on tariffs for some countries, following a period of market volatility due to his aggressive tariff plans. This news led to a broad market recovery, with stocks across various sectors experiencing significant gains. Trump also announced plans to raise tariffs on China to 125%. Apple Inc. played a notable role in the Nasdaq's surge, with its stock soaring more than 15%, marking its best day since January 1998. This performance came after a challenging period for Apple, which had seen its market value drop by $774 billion. The S&P 500 also saw a significant increase, closing up 9.52%, its largest one-day percent gain since October 28, 2008.