00:00It's Benzinga bringing Wall Street to Main Street.
00:02Wall Street rallied on Wednesday after Trump withdrew a new round of tariff threats,
00:07reviving what traders call the taco trade, according to Benzinga.
00:11The reversal followed a volatile 48-hour period that began Tuesday,
00:15when markets fell sharply after Trump threatened tariffs of 10% to 25%
00:19on eight European allies tied to support for his bid to acquire Greenland.
00:23The Dow Jones dropped 870 points on Tuesday, and the S&P 500 erased its 2026 gains.
00:31On Wednesday afternoon, Trump said tariffs on European Union countries would not take effect
00:36after what he called a productive meeting with NATO Secretary General Mark Ruda.
00:40Investors who bought the dip saw gains as all three major indexes moved sharply higher,
00:45with the Dow and Nasdaq 100 posting solid advances.
00:49For all things money, visit Benzinga.com.
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