S&P 500 · June 27, 2025
The tariff-pause rally
+23.89%
trough back to the old high
55 trading days · 2025-04-08 → 2025-06-27
this undid the slide that began 2025-02-19
What happened that day?
- From the 8 April 2025 low to 27 June the S&P 500 rose 23.89% — 55 trading days
- It undid the tariff shock that had run from 19 February
- The turn came right after the low, when a pause was announced. The taxes were not cancelled — they were postponed
- The market still moved hard because companies could plan again. Less uncertainty was enough on its own to be worth something
- Talks with major trading partners went ahead one by one and the worst-case scenarios came off the table
- The February high was back on 27 June
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.