Wall Street reverses course after Hassett's comments on tariff pause

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April 7, 2025 10:27 AM EDT

National Economic Council Director Kevin Hassett speaks to members of the media outside of the West Wing of the White House, in Washington, D.C., U.S., March 19, 2025. REUTERS/Kent Nishimura/File Photo

(Reuters) - Wall Street's main indexes reversed course and moved sharply higher after White House economic adviser Kevin Hassett said in an interview that President Donald Trump was considering a 90-day tariff pause on all countries expect China.

At 10:20 a.m. the Dow Jones Industrial Average rose 333.50 points, or 0.87%, to 38,614.49, the S&P 500 gained 79.99 points, or 1.69%, to 5,154.07 and the Nasdaq Composite gained 362.69 points, or 2.33%, to 15,950.47.

(Reporting by Pranav Kashyap in Bangalore; Editing by Sriraj Kalluvila)


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