Stock market bounces back but quickly retreats due to tariff concerns

From Yahoo Finance: 2025-04-08 16:50:00

A big stock-market bounce fizzled out, extending a selloff caused by Trump’s tariff measures for the fourth straight session. The S&P 500 saw its biggest blown percentage gain since 2008, losing 1.6% after an intraday gain of 4.05%. The White House confirmed tariffs on China at 104%, leading to market turmoil.

The trade war headlines drove financial markets on Tuesday, with the 104% tariff on Chinese imports dominating trading sessions. Positive news on bilateral negotiations with South Korea and a plan to prioritize trade talks with Japan initially boosted stocks. However, the China tariffs caused equities to reverse gains, leading to significant losses.

Stocks have plummeted since Trump announced tariff plans on April 2. In the past four trading days, the S&P 500 dropped by 12.14%, the Dow by 10.85%, and the Nasdaq by 13.26%. The ongoing trade tensions and tariff escalations continue to weigh heavily on the stock market, causing significant volatility and investor unease.



Read more at Yahoo Finance: S&P 500 rebound collapses in biggest U-turn since at least 1978. Investors can’t shake tariff jitters.