Kelly Evans, Co-Host of CNBC's Power Lunch David A. Grogan | CNBC A year ago today, when the president called off his "liberation day" tariffs, the Dow soared almost three thousand points and the S&P 500 jumped 9.5%. In a single day. And we basically never looked back. This time, things look a little different. For starters, the market's reaction to the Iran "ceasefire" yesterday was more muted. The Dow rose 1,325 points, and the S&P was up 2.5%.