Wednesday's aggressive rally in U.S. stocks following President Donald Trump's 90-day pause on reciprocal tariffs for almost all trading partners sent the Dow Jones Industrial Average toward its largest one-day point increase ever as of the final hour of trading.

Wall Street’s latest moves came after Trump’s latest round of tariffs kicked in after midnight for imports from around the world. That included a 104% tax on things coming from China, and the world’s second-largest economy quickly retaliated by saying it would raise tariffs on U.S. goods to 84% on Thursday.

The Dow dropped 349 points, or 0.91%, while the tech-heavy Nasdaq ticked up 0.1%. The S &P 500 closed down 0.23%. Its 8.5% high/low spread has only happened 20 other times since 1962, according to S &P Global. The S &P 500 briefly entered bear market territory during the session but was last off nearly 18% from its recent high.

The Dow Jones Industrial Average (DJIA) index suffered another blow on Friday as markets continued to dive after President Donald Trump’s

Dow, S&P 500, and Nasdaq 100 futures are rising in premarket trading as the stock market reacts to President Donald Trump's tariffs on the day they kick in.

This article explains why the falling Dow Jones index could rebound now that the fear and greed index has moved to extreme fear zone

After a brief period of relief, tensions remained high after China said it would slap an 84 percent tariff on U.S. goods starting Thursday, responding to Washington’s earlier move imposing 104 percent levies on Chinese imports.

Stocks fell sharply in early trading Monday, extending last week's massive sell-off, as the Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs.