Stock market today: Dow, S&P 500, Nasdaq slide as tariff-pause euphoria gets a reality check [View all]
Source: yahoo Finance
Updated 18 mins ago
Brett LoGiurato , Karen Friar and Ines Ferré
Thu, April 10, 2025 at 8:30 AM CDT
US stocks sank on Thursday, pulling back from the previous day's historic rally amid concerns that President Trump's broad trade offensive has become a direct confrontation with China.
The S&P 500 (GSPC) dropped over 2.8%, while the tech-heavy Nasdaq Composite (IXIC) tumbled 3.5%. The Dow Jones Industrial Average (^DJI) fell nearly 1,000 points, or 2.2%. The 10-year Treasury yield, (^TNX) in high focus amid bond market whiplash, fell to around 4.35%....................
..........."The trade war is now turning into a direct confrontation between the US and China ... we could again be seeing escalation and de-escalation at the same time, pulling markets in different directions," Rabobank analysts said...............
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