Dow Surges 500 Points Nasdaq Jumps 2% After Trump Delays EU Tariff

U.S. stock markets surged notably after President Donald Trump postponed the threatened 50% tariffs on European Union imports until July 9, allowing trade negotiations to continue and easing fears of an imminent trade war. The Dow Jones Industrial Average gained around 400 to 500 points, the S&P 500 rose about 1% to 1.6%, and the Nasdaq Composite climbed up to 2%, led by strong performances in technology stocks such as Nvidia. This tariff delay followed a weekend call between Trump and European Commission President Ursula von der Leyen, with both sides signaling a willingness to engage in talks and avoid mutual economic harm. Investor sentiment was further buoyed by rising consumer confidence and a decline in Treasury yields, which fell alongside a strengthening U.S. dollar. Market observers noted that this diplomatic thaw could accelerate not only U.S.-EU trade discussions but also other trade deals, including a near-finalized U.S.-India agreement. Overall, the move to delay tariffs helped stabilize global markets, with European stocks also rallying and bond markets reacting positively to reduced trade tensions.