Stocks surged after President Donald Trump announced a pause in tariffs, causing a market that’s been under extreme pressure the last 5 days to explode higher.

The S&P 500 gained 6%. The Dow Jones Industrial Average rose 2159 points, or 5.7%. The Nasdaq Composite jumped 8%.

Here’s what Trump posted on his Truth Social:

“Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!”

Shares of the stocks hardest hit during this tariff battle led the comeback. Apple was up 7% and Nvidia surged 10%. Walmart gained 9%.