6 days ago
HomeMarket NewsUS Stock Market LIVE: Dow up 2,500 points, Nasdaq jumps 10.30% after Trump announces 90-day tariff pause for at least some countries
US Stock Market LIVE: US stock market recovers from early losses, with S&P 500 up 6.4%, Dow Jones up 5.7%, and Nasdaq Composite up 6.6%.
US Stock Market LIVE: The US stock market has clawed its way back into green through twitchy trading on Wednesday (April 9) after most other markets tumbled as President Donald Trump’s trade war keeps escalating. The S&P 500 was 6.44% higher as of 11 pm IST after quivering sharply at the start of trading. The index at the centre of many 401(k) accounts went from a loss of 0.5%. Dow Jones was up 5.7%, and Nasdaq Composite by 6.6%.
The European Union approved retaliatory tariffs on US imports, including poultry, grains, clothing, and metals, in response to US tariffs on steel and aluminium. The EU stated these measures can be suspended if the US agrees to a fair and balanced negotiated outcome.
Huge swings have become routine for financial markets worldwide recently, not just day to day but hour to hour, as investors struggle to game out what Trump’s trade war will do to the economy. On Tuesday, the S&P 500 careened between a gain of 4.1% and a loss of 3% for a second straight day of shocking reversals.
Wall Street’s latest moves came after Trump’s latest round of tariffs kicked in after midnight for imports from around the world. That included a 104% tax on things coming from China, and the world’s second-largest economy quickly retaliated by saying it would raise tariffs on US goods to 84% on Thursday.
