In another reversal, Trump postponed for a month new tariffs on imports from Canada and Mexico that fall under the three nations' free trade deal.

Panic selling sent the Nasdaq Composite into correction territory, while the Dow and S&P 500 suffered notable losses.

U.S. stocks climbed Wednesday after President Donald Trump pulled back on some of his tariffs temporarily. The move revived hope on Wall Street that Trump may avoid a worst-case trade war that grinds down economies and sends inflation higher.

President Donald Trump said Thursday that his administration would not consider stock market reaction when hammering out the details of its tariff policy. When asked whether the decision to pause tariffs on many products from Canada and Mexico for one month was due to the stock market,

Wall Street's sell-off kicked back into gear after tariff whiplash and falling AI stocks dragged the market lower.

The U.S. stock market is gaining ground Wednesday as the U.S. softens its position on some tariffs against several key trading partners. The shift comes a day after a sharp tumble that wiped out the last of the “Trump bump” that Wall Street received following the presidential election in November.

Uncertainty over President Donald Trump’s tariffs rattled Wall Street on Thursday, sending the Dow Jones Industrial Average tumbling by more than 400 points, or 1%. Trump on Thursday paused tariffs on imports that are subject to the United States-Mexico-Canda Agreement for one month.

Wall Street’s sell-off is kicking back into gear on Thursday, and a U.S. stock market rattled by uncertainty about the economy and President Donald Trump's tariffs is nearly all the way back to where it was on Halloween.