The stock market has been on a wild ride lately, with President Trump's tariff plans sending shockwaves through the economy. But on Wednesday, the president threw investors a curveball, granting a one-month exemption on auto tariffs for Mexico and Canada. The move sparked a rally in the markets, with the Nasdaq Composite leading the charge, rising over 1.4%. The Dow Jones Industrial Average and the S&P 500 also saw significant gains, rising roughly 1.1%.

The exemption was a welcome relief for automakers, who had been bracing for the impact of tariffs on their businesses. Shares of General Motors, Ford, and Stellantis all rose significantly, with gains of at least 5%. The move was seen as a positive sign for the economy, as it could help to mitigate the effects of the trade war on the automotive industry.

The tariff exemption may be a sign of things to come, as the White House looks to navigate the complex web of trade agreements and tariffs. The move could be seen as a olive branch to Mexico and Canada, as the three countries work to renegotiate the US-Mexico-Canada Agreement (USMCA). But it's also a reminder that the trade war is far from over, and investors will need to stay on their toes to navigate the twists and turns of the market.

As the market continues to react to the latest developments in the trade war, one thing is clear: the Nasdaq Composite and other major indexes will be closely watched in the coming days and weeks. Will the rally continue, or will the trade war woes send the market into a tailspin? Only time will tell, but one thing is certain: investors will be keeping a close eye on President Trump's next move.