President Donald Trump unexpectedly rolled back some of his market-roiling tariffs, sending stocks surging in historic reversal. The announcement came just hours after Trump posted on Truth Social that “THIS IS A GREAT TIME TO BUY!!!”, prompting investors to jump into the market.
According to calculations, if an investor bought into the S&P 500 index at 9:37 a.m. ET and sold at session highs, they could have netted significant returns. The SPDR S&P 500 ETF Trust (SPY) jumped 11% in response, with investors able to sell shares worth around $1,110 on an initial investment of $1,000.
Trump Media & Technology shares also surged, rising from $16.69 to a high of $20.40 – a jump of 22.2%. Tesla shares followed suit, climbing 21.4% after the announcement as investors reacted positively to the news.
While some retail investors were ecstatic about Trump’s actions, others expressed skepticism, citing concerns about market manipulation and insider trading. The S&P 500 index still trails its pre-announcement level by 3%, but the unexpected turn has injected new life into the markets.
Source: https://www.cnbc.com/2025/04/09/trumps-morning-buy-call-nets-huge-returns-for-those-who-listened.html