Stock market today: S&P 500 claws back some gains from Wednesday’s melt-up
On Thursday, April 10, 2025, U.S. stock markets experienced a sharp downturn, erasing a significant portion of the previous day's gains. The S&P 500 fell 3.5% to close at 5,268.05, the Nasdaq Composite dropped 4.3% to 16,387.31, and the Dow Jones Industrial Average declined 2.5%, losing over 1,000 points.
The decline followed President Donald Trump's announcement of a 90-day pause on new tariffs for most countries, while simultaneously increasing tariffs on Chinese imports to 125%. China responded with retaliatory tariffs, intensifying trade tensions and contributing to market volatility.
Investors are now closely monitoring developments in U.S.-China trade relations and potential economic impacts. The heightened uncertainty has led to increased market volatility, with concerns about a potential recession on the horizon.
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