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Dow Dragged 1,000 Points as Trade Fears Resume

Gold surged to a three-year high

Managing Editor
Apr 10, 2025 at 4:25 PM
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Major indexes pulled back, brushing off yesterday's brief reprieve from trade war fears. The Dow dropped nearly 1,015 points, a stark contrast to yesterday's historic surge. On Wednesday, Trump implemented a 90-day pause to reciprocal tariffs with the exception of China, where the total levy against all goods now stands at 145%. Big Tech is leading losses for the benchmarks, including names Apple (AAPL) and Meta Platforms (META).

Continue reading for more on today's market, including: 

  • Options traders are falling in LOVE.
  • Retail sales and big bank earnings on deck.
  • Plus, a slipping tech leader; sales buzz boosts COST; and 2 volatile fintechs.

Closing Index Summary April 102025

NYSE and Nasdaq April 102025

5 Things to Know Today 

  1.  Biden-appointed Bridget Brink is leaving her post as U.S. Ambassador to Ukraine, following a three-year stint in the position. (Bloomberg)
  2. Trump's latest budget plan has been passed through the House of Representatives. (Reuters)
  3. Tech leader slides further from Wednesday's pop.
  4. Sales buzz boosts Costco Wholesale stock.
  5. Two struggling fintech stocks today.

 

Earnings April 102025

Unusual Options April 102025

Gold Futures Tap 3-Year High

Crude prices pulled back with the broader market for today's session. May-dated West Texas Intermediate (WTI) crude shed $2.28, or 3.66%, to close at $60.07 per barrel.

A falling U.S. dollar combined with intensifying trade fears sent investors toward the precious metal. June-dated gold was last seen 3.3% higher at $3,179.4 an ounce.

 

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