From Yahoo Finance: 2025-04-10 05:27:00

Wall Street stocks plunged on Thursday amid concerns over Trump’s tariff war. The S&P 500 and Nasdaq saw massive gains on Wednesday but fell sharply on Thursday. Uncertainty over tariffs and trade negotiations continues to weigh on investors.

Consumer prices edged lower in March, with core price growth cooling down. The Fed’s path forward remains uncertain amid ongoing trade negotiations. Fed officials express concerns over the impact of Trump’s trade policies on the economy.

The European Union will delay retaliatory levies on American goods after Trump’s tariff pause. However, the trade war with China persists. The CBOE Market Volatility Index remains high, making investors wary of buying stocks.

The Dow Jones fell over 1,000 points, with the S&P 500 and Nasdaq also experiencing steep losses. Most sectors in the S&P 500 ended in negative territory, with tech and energy suffering the largest drops. Big Tech stocks and CarMax also saw significant declines.

First-quarter earnings season kicks off with big banks reporting on Friday. Declining issues outnumbered advancers on both the NYSE and Nasdaq. The S&P 500 and Nasdaq saw new highs and lows, with high volatility in the market.

Read more: Wall St ends sharply lower as tariff risks send investors fleeing