Trump's China tariffs caused stocks to drop significantly, with S&P 500 closing at lowest level in a year

From Yahoo Finance: 2025-04-08 16:35:00

Stocks initially rallied on Tuesday morning due to high hopes for tariff negotiations. However, by the end of the day, all major indexes were in the red. The S&P 500 fell 1.6%, the Nasdaq Composite slid over 2.1%, and the Dow Jones Industrial Average dropped 0.8%, shedding 320 points.

Tariff headlines continued to challenge the market, with the White House confirming increased tariffs on China to 104% at midnight. Stocks erased gains and closed lower. Market swings have been intense, marked by the S&P 500’s worst week since March 2020, losing over 10%.

Stocks swung higher on Monday, then lower after the White House denied reports of delaying tariffs. Market direction hinges on tariff negotiations. The 10-year Treasury yield rose to 4.25%, up 25 basis points due to tariff fears slowing economic growth. Market volatility remains high, with stocks swinging over 6% peak-to-trough for three straight sessions. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by over 500 points. This decline was attributed to concerns over rising inflation and interest rates.

2. A new study revealed that nearly 40% of Americans have experienced some form of online harassment. The study found that social media platforms were the most common sites for this harassment to occur.

3. The United Nations reported that global temperatures reached a record high in 2021, with an average increase of 1.5 degrees Celsius. This alarming trend is expected to continue unless immediate action is taken to reduce greenhouse gas emissions.

4. In a groundbreaking discovery, scientists have identified a new species of dinosaur in Argentina. The dinosaur, named Llukalkan aliocranianus, is believed to have been a fearsome predator with sharp teeth and a large skull.

5. The World Health Organization announced that over 1.5 million people have died from COVID-19 globally. This grim milestone serves as a stark reminder of the ongoing impact of the pandemic and the need for continued vigilance in combating the virus.



Read more at Yahoo Finance: Trump’s China tariffs send stocks tumbling as ‘FOMO’ rally fades, S&P 500 closes at lowest level in a year