Stock market takes a hit as Dow drops 1,000 points due to Trump tariff uncertainties

From Yahoo Finance: 2025-04-10 16:03:00

Delta and Walmart have both started cutting or withdrawing their forecasts due to tariff uncertainty. Companies may use this as an opportunity to downsize, as seen in the tech industry in 2022. Meta continues to cull staff and push out underperformers, leveraging AI to reshape their workforce for efficiency. Zuckerberg’s memo announced 11,000 job cuts for increased capital efficiency. Meta’s headcount decreased from 87,314 to 74,067 from 2022 to 2024, with a significant increase in net income reflecting efficiency measures. Tariffs and other business cycle swings provide opportunities for companies to navigate new variables and make strategic decisions for increased efficiency and growth in the post-pandemic world.



Read more at Yahoo Finance: Dow slides 1,000 points, Nasdaq, S&P 500 clobbered as stocks resume Trump tariff sell-off