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mahatmakanejeeves

(64,206 posts) Wed Apr 2, 2025, 05:10 PM Apr 2

US stocks dip sharply after Trump announces tariffs of at least 10% [View all]

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.

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

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US stocks dip sharply after Trump announces tariffs of at least 10% [View all] mahatmakanejeeves Apr 2 OP

Did he say anything that wasn't expected? Why are futures tanking? unblock Apr 2 #1

This morning, they were all about how TFG cares about the market UpInArms Apr 2 #3

They would have waited to see if he flip flopped again. Bengus81 Apr 2 #4

MarketWatch Headline: "Stock futures tumble as Trump unveils higher tariffs than expected." . . . nt Bernardo de La Paz Apr 2 #7

According to the pundits... Mike 03 Apr 2 #10

+Headline: "Trump's tariffs amount to 'worse than worst-case scenario' as investors brace for stock-market beatdown" Bernardo de La Paz Apr 2 #15

No one should be surprised by this IronLionZion Apr 3 #28

Lovely ... I am truly trilled to have a 10% tax added to everything UpInArms Apr 2 #2

But, but, but wolfie001 Apr 2 #19

Full of robots... Justice matters. Apr 2 #21

Yes! This! wolfie001 Apr 2 #22

Any way you look at it, the manual workforce is not there to fill openings. Justice matters. Apr 2 #23

Again...don't buy one FUCKING thing you that you don't need to survive. Put off any major Bengus81 Apr 2 #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 Apr 2 #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 Apr 2 #8

This message was self-deleted by its author Rebl2 Apr 2 #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 Apr 2 #16

Did the U.S. dollar weaken too? I could swear one of the Bloomberg hosts Mike 03 Apr 2 #11

It's already lost 2 yen, or 1.3 cents, versus the Japanese yen RazorbackExpat Apr 2 #24

Trump is the type of guy who pisses into the wind. LS_Editor Apr 2 #12

Is the 10% baseline included for the countries on his chart or is it another 10% on top of what countries FloridaBlues Apr 2 #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 Apr 2 #17

After searching yes your right the 10% is on top of tariffs FloridaBlues Apr 2 #20

Dow futures down 955 points (-2.3%), S&P 500 futures down 3.4%, 631 PM EDT. That's serious futures activity progree Apr 2 #14

Buy the rumor, sell the news. OilemFirchen Apr 2 #18

The POS whipped out his financial sharpie with those idiotic charts. Doomed we are so n/t Cheezoholic Apr 2 #25

With Trump, we're losing our shirts. We're losing everything. C_U_L8R Apr 2 #26

They promised to lower prices IronLionZion Apr 3 #27

SOMEBODY made money today... BurnDoubt Apr 3 #29

Gosh, could they soften reality any more Miguelito Loveless Apr 3 #30