The USA500 is currently trading below 5,000 levels.
The S&P 500 closed sharply higher on Wednesday after U.S. President Donald Trump declared a 90-day tariff pause for many countries, effective immediately, bringing some relief to investors worried about the global economic impact of U.S. trade policies.
On Wednesday the S&P 500 surged 9.49%, the Dow Jones climbed 7.8% and the Nasdaq jumped 12.1%.