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HomeMarket NewsUS Stock Market Live: Dow futures down over 500 points, inflation rate eases to 2.4% in March
By CNBCTV18.COM | Apr 10, 2025 6:16 PM IST (Updated)
US Stock Market Live: The Dow futures are swinging between losses of 50 points to 200 points, while the futures on the S&P 500 and the Nasdaq are trading around the flat line as well. It was a one-way move for the indices last night after US President Donald Trump announced a 90-day pause on tariffs on those countries that did not retaliate to his reciprocal tariffs, but not to China, where he increased the tariff to 125%. On Thursday, the European Union also declared a 90-day pause on tariffs targeting U.S. goods.
US Stock Market Live: Stock futures declined on Thursday, following a sharp rally on Wall Street after President Donald Trump announced a 90-day suspension of certain “reciprocal” tariffs.
Futures for the Dow Jones Industrial Average dropped 579 points, or 1.4%. S&P 500 futures were down 1.8%, while Nasdaq-100 futures fell 2.3%.
Apple and Tesla led the losses, each falling more than 3% in premarket trading.
The downturn followed a historic surge the previous day, with the S&P 500 posting a gain of over 9%—its third-largest single-day rise since World War II. The Dow recorded its biggest percentage jump since March 2020, and the Nasdaq Composite logged its largest gain since January 2001, marking its second-best day on record.
The rally was triggered by Trump’s announcement that most countries would see tariff rates temporarily reduced to 10% for 90 days. Canada and Mexico were exempted from the additional 10% duty. On Thursday, the European Union also declared a 90-day pause on tariffs targeting U.S. goods.
Stay tuned to this space for all the latest developments!
