New York (AP) – American actions plunged on Thursday and returned part of their Historical gains from the day before President Donald Trump The continues the trade war of threaten.
The S&P 500 fell by 3.5%, passing in an increase of 9.5% Wednesday following Trump’s decision of Break up a lot of his prices in the world. The industrial average of Dow Jones dropped by 1,014 points, or 2.5%, and the NASDAQ composite dropped by 4.3%.
“Trump flashes,” wrote the UBS Bhanu Baweja strategist in a report on the Prices’ president’s decision“But the damage is not all canceled.”
The merchant John Bishop works on the prosecution of the New York Stock Exchange, Thursday April 10, 2025. (AP photo / Richard Drew)
Trump focused more on China, increasing prices on his products more than 100%. Even if it had to be negotiated to something like 50%, and even if only 10% of prices remained on other countries, Baweja said that the US economy could still be significant enough to harm the expected growth of the US companies to come.
The losses for American actions accelerated Thursday after the White House said that the United States will impose Chinese imports at 145%, and not the rate of 125% on which Trump had written in Its display on Truth Social WednesdayOnce other prices previously announced have been included. The drop in S&P 500 exceeded 6% at a given time.
Merchants work on the New York Stock Exchange Prosecutor’s Office, Thursday, April 10, 2025. (Photo / Richard Drew)
“Everything is still very volatile because with Donald Trump, you don’t know what to expect,” said Francis Lun, managing director of Geo Securities. “It is really a great uncertainty on the market. The threat of recession has not disappeared. ”
China, on the other hand, has Has hand to other countries All over the world in the apparent hopes of forming a united front against Trump. The second world economy also increases its own countermeasures at Trump prices.
Warner Bros.’s course of action. Discovery, the company behind “a Minecraft film”, fell 12.5% for one of the strongest losses in Wall Street after China said on Thursday that it “would properly reduce the number of imported American films”. Walt Disney Co.’s shares flowed 6.8%
A spokesperson for China Film Administration said it was “inevitable” that the Chinese public finds less acceptable American films given the “bad decision of the United States to implement tariffs on China”.
It was after Trump and his Treasury secretary, Scott Bessent, sent a clear message to other countries on Wednesday after announcing their break on the prices for most countries: “Do not retaliate, and you will be rewarded.”
The specialist Michael Gagliano works in his article on the Prosecutor’s Office of the New York Stock Exchange, Thursday April 10, 2025. (AP Photo / Richard Drew)
The European Union said on Thursday that it would put its Pending commercial reprisals For 90 days and make room for a negotiated solution.
Thursday’s oscillations also hit the bond market, which showed encouraging signals earlier during the day that stress could ensure.
The bond market has historically played the role of the executor against politicians and the economic policies which it considered imprudent. It helped Souropire the Liz farm of the United Kingdom In 2022, for example, of which the 49 days made its shortest Prime Minister in Great Britain. James Carville, advisor to the former American president, Bill Clinton, also said that he would like to be reincarnated as a bond market due to the amount of power it exercises.
Earlier this week, big jumps for yields of the US Treasury had shaken the market, so much so that Trump said on Wednesday that he had looked at how investors “became a little zero.”
Several reasons could have been behind the clear and sudden increase in yields. Hedge funds may have sold treasures to collect funds, and investors outside the United States can pour out their US state obligations due to the trade war. Whatever the reasons that are going on, higher treasury yields increase pressure on the stock market and push higher rates for mortgages and other loans for households and American companies.
The yield of the treasure at 10 years had calmed down after Trump’s U-turn on the prices, falling up to 4.30% shortly after the release of a Better than expected report on inflation Thursday morning. It was after reaching almost 4.50% on Wednesday morning, against only 4.01% at the end of last week.
The merchant Jonathan Mueller works on the prosecution of the New York Stock Exchange, Thursday April 10, 2025. (AP Photo / Richard Drew)
On Thursday, the 5 -year -old treasure yield increased again and reached 4.40%.
Everything shows why many at Wall Street are preparing for more swings in the markets, after the S&P 500 at a given time almost fell into a “Bear market” by closing almost 20% below its record.
Often, the movements of the market whip came day by day but also time at time. The S&P 500 is still below what it was when Trump announced its vast set of prices last week the “day of the Liberation”.
All in all, the S&P 500 fell from 188.85 points Thursday to 5,268.05. The industrial average of Dow Jones dropped from 1,014.79 to 39,593.66 and the NASDAQ composite flowed 737.66 to 16,387.31.
In the stock markets abroad, the indices gathered through Europe and Asia in their first chances of negotiating following Trump’s break on many of his prices. The Nikkei 225 of Japan jumped 9.1%, the Kospi from South Korea jumped 6.6%and the German Dax returned 4.5%.
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The writers at Yuri Kageyama, Matt Ott and Huizhong Wu contributed.
