Stock market plummeted 1,000 points due to renewed trade war fears

From Nasdaq: 2025-04-10 16:25:00

Major indexes fell sharply today after a brief pause in trade war fears. The Dow plummeted by 1,015 points, a stark contrast to the historic surge seen yesterday. Trump implemented a 90-day pause on reciprocal tariffs, except for China where tariffs now stand at 145%. Big Tech stocks like Apple (AAPL) and Meta Platforms (META) led losses. Biden-appointed U.S. Ambassador to Ukraine, Bridget Brink, is stepping down after a three-year tenure. Trump’s latest budget plan has been approved by the House of Representatives. Tech stocks continue to slide after Wednesday’s rally, while Costco Wholesale stock gets a boost from strong sales. Gold futures hit a three-year high as investors turn to precious metals amid falling U.S. dollar and escalating trade fears. Crude prices dipped in line with the broader market, with May-dated West Texas Intermediate (WTI) crude closing at $60.07 per barrel.



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