(9 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
New York – 9 April 2025
1. Various exterior shots of the New York Stock Exchange
STORYLINE:
The U.S. stock market is shaking through twitchy trading Wednesday after most other markets tumbled as President Donald Trump’s trade war keeps escalating.
The S&P 500 was 0.3% higher in morning trading after quivering sharply at the start of trading. The index at the center of many 401(k) accounts went from a loss of 0.5% to a gain of 1.4% and back down.
The Dow Jones Industrial Average was down 34 points, or 0.1%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 1.1% higher.
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 U.S. goods to 84% on Thursday.
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