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mahatmakanejeeves

(63,987 posts)
Wed Apr 2, 2025, 05:10 PM Yesterday

US stocks dip sharply after Trump announces tariffs of at least 10%

Source: USA TODAY

MARKETS
US stocks dip sharply after Trump announces tariffs of at least 10%

Andrea Riquier
USA TODAY
Published 6:30 a.m. ET April 2, 2025 * Updated 5:03 p.m. ET April 2, 2025

U.S. stocks turned sharply lower in after-hours trading after President Donald Trump announced sweeping new tariffs of at least 10% on imports from all trading partners.

The broad S&P was down 1.8%, the Dow Jones Industrial Average was 0.6% lower, and the tech-heavy Nasdaq slid more than 2.4%. Stocks gained during the trading day on Wednesday as investors awaited more clarity from the White House, but lost ground after the closing bell as the president laid out his plans.

The S&P 500 added 37.90 points, 0.7%, to close at 5,670.97. The Dow gained 235.36 points to hit 42,225.32, up about 0.6%, and the Nasdaq tacked on 151.16 points or 0.9% to close at 17,601.05.

{snip}


Read more: https://www.usatoday.com/story/money/markets/2025/04/02/stocks-trump-tariffs/82767450007/

30 replies = new reply since forum marked as read
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US stocks dip sharply after Trump announces tariffs of at least 10% (Original Post) mahatmakanejeeves Yesterday OP
Did he say anything that wasn't expected? Why are futures tanking? unblock Yesterday #1
This morning, they were all about how TFG cares about the market UpInArms Yesterday #3
They would have waited to see if he flip flopped again. Bengus81 Yesterday #4
MarketWatch Headline: "Stock futures tumble as Trump unveils higher tariffs than expected." . . . nt Bernardo de La Paz Yesterday #7
According to the pundits... Mike 03 Yesterday #10
+Headline: "Trump's tariffs amount to 'worse than worst-case scenario' as investors brace for stock-market beatdown" Bernardo de La Paz 23 hrs ago #15
No one should be surprised by this IronLionZion 17 hrs ago #28
Lovely ... I am truly trilled to have a 10% tax added to everything UpInArms Yesterday #2
But, but, but wolfie001 22 hrs ago #19
Full of robots... Justice matters. 19 hrs ago #21
Yes! This! wolfie001 19 hrs ago #22
Any way you look at it, the manual workforce is not there to fill openings. Justice matters. 19 hrs ago #23
Again...don't buy one FUCKING thing you that you don't need to survive. Put off any major Bengus81 Yesterday #5
Investing.com - as far as i know, the panel on the right -- "US 30" is the DOW and "US 500" is the S&P 500 that includes progree Yesterday #6
Those are either proxies for the indices or for the names of the indices because index names are trademarked. . . nt Bernardo de La Paz Yesterday #8
This message was self-deleted by its author Rebl2 Yesterday #9
Because the market was expecting clarity and tariff taxes less than feared. The got higher than feared and no clarity. Bernardo de La Paz 23 hrs ago #16
Did the U.S. dollar weaken too? I could swear one of the Bloomberg hosts Mike 03 Yesterday #11
It's already lost 2 yen, or 1.3 cents, versus the Japanese yen RazorbackExpat 19 hrs ago #24
Trump is the type of guy who pisses into the wind. LS_Editor Yesterday #12
Is the 10% baseline included for the countries on his chart or is it another 10% on top of what countries FloridaBlues 23 hrs ago #13
I think it is 10% on everything and the rest is extra on top, but there is nothing like the required clarity. . . . nt Bernardo de La Paz 23 hrs ago #17
After searching yes your right the 10% is on top of tariffs FloridaBlues 20 hrs ago #20
Dow futures down 955 points (-2.3%), S&P 500 futures down 3.4%, 631 PM EDT. That's serious futures activity progree 23 hrs ago #14
Buy the rumor, sell the news. OilemFirchen 23 hrs ago #18
The POS whipped out his financial sharpie with those idiotic charts. Doomed we are so n/t Cheezoholic 18 hrs ago #25
With Trump, we're losing our shirts. We're losing everything. C_U_L8R 18 hrs ago #26
They promised to lower prices IronLionZion 17 hrs ago #27
SOMEBODY made money today... BurnDoubt 15 hrs ago #29
Gosh, could they soften reality any more Miguelito Loveless 5 hrs ago #30

unblock

(54,905 posts)
1. Did he say anything that wasn't expected? Why are futures tanking?
Wed Apr 2, 2025, 05:15 PM
Yesterday

That broad-based 10% tariffs would be announced today was old news.

So what's changed enough to roil futures?

UpInArms

(52,454 posts)
3. This morning, they were all about how TFG cares about the market
Wed Apr 2, 2025, 05:16 PM
Yesterday

this showed he does not … they thought there would be far less and fewer

Bernardo de La Paz

(53,869 posts)
7. MarketWatch Headline: "Stock futures tumble as Trump unveils higher tariffs than expected." . . . nt
Wed Apr 2, 2025, 05:23 PM
Yesterday

Mike 03

(18,315 posts)
10. According to the pundits...
Wed Apr 2, 2025, 05:38 PM
Yesterday

You know pundits, so take it for what it's worth (very little), but the experts and pundits on Bloomberg Radio attribute this to the fact there will be no exemptions or carve-outs for particular sectors or companies.

By tomorrow morning, there might be a more thoughtful explanation, but that's it for now.

Bernardo de La Paz

(53,869 posts)
15. +Headline: "Trump's tariffs amount to 'worse than worst-case scenario' as investors brace for stock-market beatdown"
Wed Apr 2, 2025, 06:41 PM
23 hrs ago

IronLionZion

(48,278 posts)
28. No one should be surprised by this
Thu Apr 3, 2025, 12:32 AM
17 hrs ago

yet here we are. Not everyone thinks the way liberals do, apparently. Some thought he might be bluffing?

UpInArms

(52,454 posts)
2. Lovely ... I am truly trilled to have a 10% tax added to everything
Wed Apr 2, 2025, 05:15 PM
Yesterday


What a stupid dolt!

He gives stupid dolts a bad name! What an utter imbecile …

This country will never regain its footing.

wolfie001

(4,389 posts)
19. But, but, but
Wed Apr 2, 2025, 07:08 PM
22 hrs ago

Think of all those factories the billionaires will build 20 years? from now!!!

wolfie001

(4,389 posts)
22. Yes! This!
Wed Apr 2, 2025, 10:34 PM
19 hrs ago

Any manual labor would be 13.50/hr with zero bennies. Reaganomics redux. No thanks

Justice matters.

(8,225 posts)
23. Any way you look at it, the manual workforce is not there to fill openings.
Wed Apr 2, 2025, 10:43 PM
19 hrs ago
https://www.uschamber.com/workforce/understanding-americas-labor-shortage

We hear every day from our member companies—of every size and industry, across nearly every state—that they’re facing unprecedented challenges trying to find enough workers to fill open jobs. Right now, the latest data shows that we have 8 million job openings in the U.S. but only 6.8 million unemployed workers.



Back a hundred and twenty years ago, all the MANUAL jobs were taken from the massive European exodus. The job openings, then, didn't require high-education skills. Only big biceps and strong legs (and not too many hours of sleep and pleasure...).

Bengus81

(8,527 posts)
5. Again...don't buy one FUCKING thing you that you don't need to survive. Put off any major
Wed Apr 2, 2025, 05:22 PM
Yesterday

purchases.

progree

(11,762 posts)
6. Investing.com - as far as i know, the panel on the right -- "US 30" is the DOW and "US 500" is the S&P 500 that includes
Wed Apr 2, 2025, 05:23 PM
Yesterday

Last edited Thu Apr 3, 2025, 02:50 AM - Edit history (3)

futures activity. As I type this they are down 0.54% and down 1.62% respectively.

https://www.Investing.com

Next down the list is "Dow Jones" (up 0.56% for the day) and "S&P 500" (up 0.67% for the day) and that gives its closing price for the day (April 2 at 4 PM EDT).

As for the graphs, the times are apparently GMT (Subtract 4 from the GMT times to get EDT).
And the dates are dd/mm, e.g. 02/04 for April 2.

Or on the left 2/3, click on Indices Futures for the exact times of the last readings

Another one: https://www.cnn.com/markets/premarkets

Bernardo de La Paz

(53,869 posts)
8. Those are either proxies for the indices or for the names of the indices because index names are trademarked. . . nt
Wed Apr 2, 2025, 05:26 PM
Yesterday

Response to mahatmakanejeeves (Original post)

Bernardo de La Paz

(53,869 posts)
16. Because the market was expecting clarity and tariff taxes less than feared. The got higher than feared and no clarity.
Wed Apr 2, 2025, 06:44 PM
23 hrs ago

The 3 major futures indices are down 2.3 %, 3.4%, and 4.3%.

Mike 03

(18,315 posts)
11. Did the U.S. dollar weaken too? I could swear one of the Bloomberg hosts
Wed Apr 2, 2025, 05:52 PM
Yesterday

just said the dollar lost something something while the Orange Shitbird was yapping.

RazorbackExpat

(439 posts)
24. It's already lost 2 yen, or 1.3 cents, versus the Japanese yen
Wed Apr 2, 2025, 10:45 PM
19 hrs ago

Meanwhile, Trump slapped a 24% reciprocal tariff on Japanese goods. And the Nikkei is way down. He's really starting to piss people off here in Japan. When you piss off laid-back countries like Japan and Canada, you're definitely doing something wrong

FloridaBlues

(4,498 posts)
13. Is the 10% baseline included for the countries on his chart or is it another 10% on top of what countries
Wed Apr 2, 2025, 06:06 PM
23 hrs ago

Will be charged?

Bernardo de La Paz

(53,869 posts)
17. I think it is 10% on everything and the rest is extra on top, but there is nothing like the required clarity. . . . nt
Wed Apr 2, 2025, 06:45 PM
23 hrs ago

progree

(11,762 posts)
14. Dow futures down 955 points (-2.3%), S&P 500 futures down 3.4%, 631 PM EDT. That's serious futures activity
Wed Apr 2, 2025, 06:37 PM
23 hrs ago
https://www.Investing.com
Another one: https://www.cnn.com/markets/premarkets

More about the first one in #6

OilemFirchen

(7,232 posts)
18. Buy the rumor, sell the news.
Wed Apr 2, 2025, 06:46 PM
23 hrs ago

Except for momo traders, market makers are still pretty traditional.

Edited to properly name market weirdos.

C_U_L8R

(46,893 posts)
26. With Trump, we're losing our shirts. We're losing everything.
Wed Apr 2, 2025, 11:25 PM
18 hrs ago

It's true, everything Trump touches dies. Now it's our turn and there's no one left to save us. But us.

BurnDoubt

(209 posts)
29. SOMEBODY made money today...
Thu Apr 3, 2025, 02:25 AM
15 hrs ago

I wonder who? The Uglyarchs have control of the system. They NEVER lose money unless they do stupid shit (Edolph!). Every other day SOMEBODY jerks-off the stock market and there's a sell-off (and a buy-up) and then another jerk and rinse-and-repeat. This is what it's like to lay down with a Boa Constrictor. Buy Klepto! Yeah! That's It!!!!! (They own that, too.)

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