Apr 10 2025 15 mins 12
Stocks fell Thursday, giving back some of the gains from the historic rally seen in the previous session after President Donald Trump announced a 90-day reprieve on some of his "reciprocal" tariffs. Investors worried that even with the short pause on some of the duties, economic activity will be slowed by Trump's singling out of China with a much higher rate.
The S&P 500 sold off 3.46% and closed at 5,268.05, while the
Nasdaq Composite slid 4.31% to end at 16,387.31. The Dow Jones Industrial Average dropped 1,014.79 points, or 2.5%, settling at 39,593.66.
Notable decliners included Apple and Tesla, which pulled back 4.2% and 7.3%, respectively. Nvidia lost nearly 6%, while Meta Platforms slipped almost 7%.
US Dollar Index - which measures the USD against a basket of currencies, fell 1.8% Thursday.
SPI down 116 - Gold up 3% - Oil down
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