Industry News

Stocks and bonds fall, giving back gains from relief rally

Citywire / Apr 10, 2025
After breaking a four-day run of falls with a huge relief rally on Wednesday on the news that most tariffs would be paused, stocks were sliding again today.
After a dramatic surge yesterday on the news that most reciprocal tariffs would be paused for 90 days, US stocks are sliding again, giving back around half the gains they notched up on Wednesday. 
After President Donald Trump announced the pause on Wednesday, the S&P 500 surged to end the day up 9.51%. The Nasdaq, Dow Jones and Russell 2000 finished up 12.16%, 7.87% and 8.66%, respectively. 
This enthusiasm appeared to have waned Thursday. After opening slightly down, stocks’ decline gathered pace with the S&P falling 5.6% at 1:20pm ET. The Nasdaq, Dow Jones and Russell 2000 were at -6.4%, -4.7%, and -4.9%, respectively. 
In his Wednesday announcement, Trump said that reciprocal tariffs will be paused for 90 days on all countries that are not retaliating against the US, while hitting China with a 125% levy. The administration later clarified that this figure comes on top of the existing 20% tariff for China, meaning Beijing faces a 145% tax on exports to the US. 
Global markets had started their...
CITYWIRE RIA
More News
Industry News
$3.7bn Dynasty-affiliated RIA adds $200m team
citywire ria
Apr 21, 2025
To read the full article, become an RIA Insider. You'll also gain complimentary access to news, insights, tools and more.
REGISTER NOW
Already an Insider?Log In
All content on this page is drawn from unaffiliated publications. Content on this site is not intended to provide, and should not be interpreted as legal, tax, investment or insurance advice, or recommendations by any party. Capital Client Group, Inc. is not responsible for content created by third parties and they do not explicitly or implicitly endorse or approve such content. Copyrights are held by the individual publications to which each article is attributed.