Dow slides 1,000 points, Nasdaq, S&P 500 clobbered as stocks resume tariff sell-off

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US stocks got crushed on Thursday, pulling back from the previous day's historic rally amid concerns that President Trump's broad trade offensive has become a direct confrontation with China.

The S&P 500 (GSPC) dropped almost 3.5%, while the tech-heavy Nasdaq Composite (IXIC) tumbled 4.3%. The Dow Jones Industrial Average (^DJI) fell about 1,000 points, or 2.5%. The 10-year Treasury yield (^TNX), in high focus amid bond market whiplash, ended the day flat around 4.39% ...

https://finance.yahoo.com/news/live/stock-market-today-dow-slides-1000-points-nasdaq-sp-500-clobbered-as-stocks-resume-trump-tariff-sell-off-200325498.html

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1. 'Losing money costs you nothing'

Under President Joe Biden, MAGA influencers framed every stock slide as a national crisis. Under President Donald Trump, however, they’re masterful chess moves or moments for building character.

April 10, 2025 at 7:30 a.m. EDT

After President Donald Trump’s tariff pledge last week sent stock prices plunging, pro-Trump influencer Benny Johnson offered his 3 million followers a rosy perspective on the news. “Losing money costs you nothing,” he said on his podcast. “In fact, it builds quite a bit of character.”


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Eight months earlier, on a down trading day under President Joe Biden, Johnson struck a darker tone. It’s “bloody, black Monday. Holy moly, the Kamala [Harris] crash is here,” he said on Aug. 5, blaming the vice president for a “stock market in total and complete collapse.” (The Dow Jones Industrial Average recovered shortly after, ending the month up 7 percent.)

For Trump’s legion of online information warriors, the economic shocks of his tariff barrage have made for some awkward times.

MAGA content creators were close observers of the stock market during Biden’s term, casting every slide as an American crisis for which the president bore full blame. But after Trump’s tariffs sparked a market meltdown and whiplash return amid fears of an escalating trade war, some have scrambled to offer alternative explanations for the financial tumult, or to explain why such bloodletting is worth the cost ...

https://www.washingtonpost.com/technology/2025/04/10/pro-trump-influencers-tariffs-stocks/

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2. US stocks, dollar tumble

New York
CNN
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The US stock market tumbled deeply into the red on Thursday as the White House clarified its plan for a massive 145% tariff on China, escalating a trade war.

The Dow, after rising nearly 3,000 points Wednesday, had a volatile day in the red on Thursday. The blue-chip index fell 1,015 points, or 2.5%, pulling back after tumbling as much as 2,100 points midday.

The S&P 500 fell 3.46% and the Nasdaq Composite slid 4.31%. The S&P 500 was coming off its best day since 2008, and the Nasdaq on Wednesday posted its second-best daily gains in history ...

https://www.cnn.com/2025/04/10/investing/us-stock-market-dow-tariffs/index.html

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3. manipulating stock markets?

... The scrutiny started with a tale of two social-media posts. On Wednesday, shortly after the U.S. stock market opened, Trump posted on his Truth Social network in all caps: "THIS IS A GREAT TIME TO BUY!!!"

Less than four hours after his post, Trump said on Truth Social that he would pause the harshest of his tariffs on most countries.

Stocks immediately skyrocketed in relief, with the Dow closing up almost 3,000 points — meaning that any investors who had followed Trump's advice in the morning and bought into the stock market right away would have made quite a bit of money by the end of the day ...

https://www.npr.org/2025/04/10/nx-s1-5360062/why-some-are-accusing-trump-of-manipulating-stock-markets

[dutch777]

4. What many are missing, including Trump, is tariffs are the trigger not the whole mechanism. Individual consumers now...

...may be the deciding factor. And not just US consumers. You or I may choose to get our foreign car now before things get worse, or just hold off. Foreign consumers and governments seem to be simply choosing to no longer buy American, travel to America or support anything American. My wife and I are choosing to buy as little as possible hoping that a decline in Amazon, Target and other large national brands' sales gets noticed by those that can realize this is bad for business, and the future of not only America, but the GOP. (You and I know they are now the Goofy Obsolete Party but they still hold out a faint hope of some sort of redemption). Yes, we need food and gas and electricity but wherever we can we buy from mom and pops not the big box folks. Reports are already coming in of corporate buyers of goods from regular foreign vendors are cancelling orders outright knowing the product will never sell at much higher prices or asking for 20 to 30% discounts to try and make up some of possible tariffs only to have sellers offer them little or no discounts in return. Trump may be playing the big man in the big game on national TV but the little folks all over may be making the big calls that actually decide who wins or loses. The sad thing is many US workers, not only those Fed workers Trump fires, but in every walk of life, will become collateral damage due to all this.