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The US market is witnessing a decline of 3% on 10 April today, after a 12% rise in the US market yesterday. The Dow Jones index is trading at 39,600 levels with a decline of 900 points or 2%.
At the same time, the US market’s S&P 500 index is trading at 5,303 levels with 150 points or 2.5%. The index Nasdaq composite of technology stocks has a decline of 570 points or 3.5%. It is trading at the level of 16,500.
Dow Jones Top 5 Loozers
| share | Price | Decline | Decline (%) |
| the hairdresser’s | 54.22 | $ 4.88 | 8.26 |
| Dow ink | 27.57 | $ 2.27 | 7.61 |
| Vault design | 86.48 | $ 5.02 | 5.49 |
| Intel | 20.38 | $ 1.09 | 5.08 |
| American Express | 251.32 | $ 11.22 | 4.27 |
Asian markets closed fast today … Today, due to 90 days of ban on Trump’s tariff policy, Asian markets also increased by more than 9%. The Indian market remained closed due to the holiday of Mahavir Jayanti today.
- Japan’s Nikkei index climbed 2,894 points or 9.13% to close at 34,609.
- Korea’s Kospi index climbed 151 points or 6.60% to close at 2,445.
- Taiwan’s Taiiex index climbed 1608 points or 9.25% to close at 19,000.
- The Gift Nifty traded on the International Exchange of NSE is about 700 points.
- China’s Shanghai Composite Index has climbed 37 points or 1.16% to 3,223.
The biggest lead since 2001 in Nasdaq, USA
The US markets climbed up to 12% on 9 April. The reason for this boom was the decision of President Donald Trump in which he postponed the reciperook tariff on all other countries except China for 90 days.
- Dow Jones rose 2,962 points or 7.87% to close at 40,608, which is its largest single day gain since March 2020.
- The S&P 500 index rose 9.52% to 5,456.90, which has been its largest single session ridge since 2008.
- The index of tech shares rose 12.16% to 17,124, which is the largest gains since January 2001.
- About 30 billion shares were traded, making it the most trading day in the history of Wall Street.
After 4 consecutive days of decline, the US market gained momentum
On 8 April, the US stock markets closed down in a decline on the fourth consecutive trading day. The Dow Jones index fell by 320 points or 0.84% to 37,645. At the same time, the US market’s S&P 500 index fell 79.48 points or 1.57% to close at 4,982 levels. The index Nasdaq composite of technology stocks fell by 335 points or 2.15%. It closed at 15,268 levels.
Dow Jones fell 10% during the three consecutive trading days. The total decline of Dow Jones in four business days had exceeded 11%. However, the same day’s boom has almost covered this decline of the market.
Causes market volatility
On 3 April, US President Trump imposed a Tit tariff to the world like worldwide. It has announced to impose 26% tariffs on India. China will take 34%, European union 20%, South Korea 25%, Japan 24%, Vietnam 46%and Taiwan will take 32%tariffs.
The move has started a tariff war. In response to the US tariff, China announced to impose 34% counter -tariff on the US. After the tariff of China, the US announced to impose 50% additional tariffs. This increased the total tariff to 104%.
In response to Trump’s action, China decided that it will now reply to 84% tariff. On 9 April, Trump once again increased the tariff to 125% on China, but postponed the tariff to be implemented from April 9 for 90 days.
Indian market closed at 73,847 levels falling 380 points
The Indian market index Sensex fell 380 points to close at 73,847 on April 9. The Nifty also fell by 137 points, it closed at 22,399 levels.
IT, metal, banking and pharma shares are the most broken. The NSE Nifty PSU is 2.52% below. Nifty IT 2.19%, Nifty Pharma 1.97%, Nifty Realty 1.90% and Nifty metal fell down 1.48%.
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Read this news related to tariffs ….
Trump on backfoot in 7 days: Tariff stopped for 90 days, increased to 125% on China
US President Donald Trump on Wednesday stopped more than 75 countries such as Tit i.e. reciperook tariff for 90 days. This has come into force with their decision.
However, he has not included China in this discount, but has increased the tariff on it from 104% to 125%. Trump took this action after 84% tariffs imposed by China.
Click here to read the full news …
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