The S&P 500 and Dow Jones Industrial Average closed lower on Monday, following a volatile session driven by investor fears of an economic slowdown and rising inflation, compounded by President Donald Trump’s firm stance on tariffs. Trump warned that he could further increase tariffs on China, escalating tensions in trade negotiations.
Since Trump’s announcement of sweeping tariffs on all imports into the U.S. late last Wednesday, Wall Street has been in turmoil. His move to impose much higher levies on several major trading partners has caused widespread concern among investors about the potential long-term effects on global trade and the economy.
Rick Meckler, partner at Cherry Lane Investments, expressed concern over the administration’s approach, stating, “The underlying problem of the market is that the administration’s approach to trade imbalances is to try a cure that’s worse than the disease.” He added, “It’s clear that investors favor either a pause or a different look at how to do this.”
On Monday, the Dow dropped 349.26 points, or 0.91%, closing at 37,965.60. The S&P 500 lost 11.83 points, or 0.23%, to end at 5,062.25. The Nasdaq Composite saw a slight gain, rising 15.48 points, or 0.10%, to 15,603.26.
In the wake of Trump’s tariff announcements last week, the S&P 500 had plunged by 10.5%, resulting in a loss of around $5 trillion in market value — the largest two-day loss since March 2020. Meanwhile, the Dow entered a correction, having fallen more than 10% from its record close in December, and the Nasdaq confirmed it was in a bear market, with a 20% drop from its peak.
On Monday morning, the S&P 500 dipped 20% below its record high, but a brief rally was sparked by a news report suggesting Trump might consider a 90-day pause on tariffs. However, White House officials quickly denied the report, sending the market back into negative territory.
Meckler noted the volatile trading on Monday, saying, “The market’s wild swings left investors a little bit concerned. If facts start to change, you could see a very rapid rise to this market. It’s leading to back-and-forth movements of rallies that are being sold and drops in the market where people are covering shorts or trying to find a place to buy.”
Among the S&P 500’s 11 major industry sectors, real estate suffered the biggest decline, dropping 2.4%. Communications services rose 1%, becoming the biggest gainer, while technology was the only other sector to advance, adding 0.3%.
In individual stocks, Apple Inc. and Tesla Inc. were the biggest losers, down 3.7% and 2.6%, respectively. Nvidia and Amazon.com, however, provided some positive momentum, rising by 3% and 2.5%, respectively.
Investors are also closely monitoring speeches by Federal Reserve officials and upcoming economic data, including consumer price figures, as they search for any signs of a looming recession.
Declining issues outnumbered advancing stocks by a ratio of 4.45-to-1 on the New York Stock Exchange, where there were 42 new highs and 2,036 new lows. On the Nasdaq, 1,447 stocks rose while 3,070 fell, with a 2.12-to-1 ratio of declining to advancing issues.
Trading volume surged on U.S. exchanges, with 29.13 billion shares changing hands — far surpassing the 17.13 billion average over the past 20 sessions. On Friday, the volume of 26.79 billion shares set a new high, beating the previous record of 24.48 billion shares traded on January 27, 2021.
With continued uncertainty surrounding trade policy and economic conditions, market volatility is expected to persist in the coming days.
Share market today Live: S&P 500, Dow Dip After Volatile Trading as Trump’s Tariff Threats Rattle Investors
The S&P 500 and Dow Jones Industrial Average ended lower on Monday after a turbulent trading session, as investor concerns over a potential economic slowdown and surging inflation intensified. The uncertainty was amplified by U.S. President Donald Trump’s renewed threats to raise tariffs on China, fueling fears of prolonged trade tensions.
Share market today Live: Canadian PM on US market crash
Prime Minister Mark Carney warned on Monday that the likelihood of a U.S. recession has surged due to President Trump's sweeping tariffs — a development he said could have serious negative consequences for the Canadian economy.
Share market today Live: What has happened so far?
Global financial markets sank deeper into turmoil on Monday after US President Donald Trump ramped up trade war rhetoric, threatening to slap an additional 50% tariff on Chinese goods if Beijing doesn't roll back the 34% duties it imposed on US products last week. The move raises the specter of a full-blown trade escalation between the world’s two largest economies.
The threat injected fresh volatility into markets already on edge. US stocks briefly halted their steep slide after reports surfaced that Trump was considering a 90-day pause on new tariffs. But those gains vanished quickly after the White House dismissed the reports as “fake news”.
The S&P 500 is now edging toward a 20% drop from its February peak — a technical bear market. Asian and European markets also nosedived, as fears mounted that the tit-for-tat tariffs could stoke inflation, dent global demand and trigger a recession.
Meanwhile, the European Union announced it will begin imposing retaliatory duties on select US goods next week, though it signaled a willingness to explore a “zero-for-zero” tariff agreement with Washington.
Share market today Live: 'Magnificent Seven' stocks crumble
Wall Street's once-unshakable "Magnificent Seven" stocks continued their dramatic slide on Monday, deepening a market rout that's now erased roughly $2 trillion from their combined value. The tech titans — including Apple, Tesla, Microsoft, and Alphabet — have been hit hard as investors panic over the economic fallout of President Donald Trump’s escalating global tariff war.
Tesla led the sell-off, plunging 7% to $223, after Wedbush analyst Dan Ives, one of the sector's most optimistic voices, slashed his price targets for both Tesla and Apple. Ives warned of a looming "tariff economic armageddon" as Trump ruled out fresh trade talks with China and urged Americans to brace for pain.
Apple shares dropped 4.8%, joining Microsoft and Alphabet near one-year lows. Other “Mag 7” members slipped between 1.5% and 4.8%. Together, the group has lost over $6 trillion in market value since peaking in late 2024, fueling more than $5 trillion in losses on the S&P 500 in just two sessions.
(With inputs from Reuters)
Share market today Live: Investors flock to safe havens
Global financial markets plunged on Monday as rising fears of a global recession drove investors toward safe-haven assets. The sharp selloff followed US President Donald Trump’s sweeping tariffs on major trading partners, which triggered a wave of uncertainty across markets.
Wall Street opened lower after steep losses in Asian shares, with investors now betting that the US Federal Reserve could be forced to cut interest rates as early as May to cushion the blow.
In currency markets, demand surged for traditional safe havens like the dollar, yen, and Swiss franc. The dollar, after initially falling, rebounded 0.50% against the yen to 147.605. It also touched a six-month low against the Swiss franc before recovering slightly to 0.8605.
Meanwhile, risk-sensitive currencies — including the Australian and New Zealand dollars, as well as the Swedish and Norwegian crowns — all weakened, reflecting investors’ flight from riskier assets.
(With inputs from Reuters)
Share market today Live: S&P 500 down 1.7% after Trump's additional tariffs on China threat
S&P 500 falls down 1.7% after Donald Trump threatens of 50% additional tariffs on China if the country does not take back the retaliatory duties on US exports by April 8.
Share market today Live: Richard Branson's stark warning to Trump on tariffs
Billionaire entrepreneur Richard Branson has issued a stark warning, saying the United States could face years of economic turmoil if the Trump administration doesn't urgently reverse its tariff policies.
In a post on X, the Virgin Group founder urged immediate action, writing, “The US government can still turn things around, but it must act in the next few hours.”
Calling the trade strategy a “colossal mistake,” Branson added, “This is the moment to own up and change course. Otherwise, America will face ruin for years to come.”
(1/4) The ongoing market response to last week’s US tariff announcement was both predictable and preventable. Even if you agree with the premise of these tariffs, every reasonable effort should be made to give US companies sufficient time to adapt.
— Richard Branson (@richardbranson) April 7, 2025
Share market today Live: Additional tariffs on China if...
Donald Trump has said that if China does not withdraw its 34% increase above their already long term trading abuses by April 8, the United States will impose additional 50% tariffs on the country.
Share market today Live: What is happening on Wall Street?
Wall Street is on a rollercoaster ride, with stocks plunging, rebounding and dropping once more as investors struggle to gauge the fallout from President Donald Trump's escalating global trade war. Earlier today, markets across Europe and Asia suffered steep losses and the US's leading index is teetering on the edge of bear market territory.
Oil prices are also feeling the pressure, sliding amid the uncertainty. Despite the turmoil, Trump remains firm on his sweeping tariff plans, while countries around the world are rushing to retaliate, adding fuel to an already volatile situation.
At 10:39 am (ET), the Dow Jones Industrial Average fell 996.97 points, or 2.60%, to 37,317.89, the S&P 500 lost 115.21 points, or 2.27%, to 4,958.87, and the Nasdaq Composite lost 320.20 points, or 2.06%, to 15,266.70. (Reuters)
Share market today Live: Wall Street volatile over 90-day tariff pause reports
Stocks surged after CNBC reported that Kevin Hassett said President Trump was considering a 90-day pause on tariffs for all countries except China. However, the rally was short-lived. When CNBC later clarified that White House officials were unaware of any such plan, the markets quickly reversed course and began to slide again.
According to Reuters, the White House has now confirmed that the news is not true.
Share market today Live: Trump considers pausing tariffs
Donald Trump is considering to pause tariffs for all countries for 90 days except for China, CNBC reported.
Share market today Live: What Nilesh Shah, MD Kotak Mahindra AMC, said on US markets?
"Market is unable to quantify the uncertainty unleashed by tariff war. It is reacting to every news coming through. Likely that the unfolding events will keep sellers on an aggressive sell mode and buyers on a reluctant buy mode.
It will be futile to predict future events.
Investor should follow their asset allocation dharma. Large Caps are fairly valued and hence deserve neutral allocation. Buy into correction in a gradual manner to be over weight equity as markets become cheap.
Domestic theme like Cement, building materials and consumer discretionary looks attractive from a longer-term point of view
The tax rebate announced in the budget, EMI burden coming down due to lower rates, likely drop in oil prices and eighth pay commission to be implemented next year will support consumption theme."
Share market today Live: When was the last time S&P 500 entered bear market territory?
The last time the S&P 500 confirmed it was in bear market territory was in June 2022 when investors were worried whether the Federal Reserve would be able to tame post-pandemic inflation without causing an economic downturn.
Bear markets often lead into a recession and last until investors think that the worst of the economic downturn is behind them. Nine of the 12 bear markets since 1948 have been accompanied by recessions, according to investment research firm CFRA. (Reuters)
Share market today Live: How did big techs perform?
Tesla down 9%
Nvidia down 7%
Meta down 4.5%
Amazon down 4%
Netflix down 3.5%
Alphabet down 3%
Apple down 6%
Share market today Live: Wall Street opens
Wall Street's main indexes opened sharply lower on Monday, with the S&P 500 is nearing the bear market territory. As of 9:31 a.m., the Dow Jones Industrial Average had plunged 1,212.98 points, or 3.17%, to 37,101.88. The S&P 500 dropped 181.37 points, or 3.57%, to 4,892.71, while the tech-heavy Nasdaq shed 623.23 points, or 4.00%, to 14,964.56.
US-listed crypto stocks took a beating in premarket trading on Monday, echoing a steep decline in bitcoin amid rising tariff tensions and growing fears of a global trade war, which sent investors fleeing from riskier assets.
According to Reuters, Bitcoin sank as much as 5.5%, hitting its lowest level of 2025 so far, before trimming some losses to trade 2.1% lower.
The ripple effects were immediate. MicroStrategy, a major corporate holder of bitcoin, plunged over 10% before the bell. Crypto exchange Coinbase wasn't spared either, sliding 7%.
Robinhood took the hardest hit, tumbling 10.5% after Barclays slashed its price target. The bank cited concerns that ongoing crypto volatility could take a bite out of Robinhood’s transaction-based revenue this quarter.
The European Union is still willing to negotiate with the U.S. administration on the sweeping import tariffs announced last week by President Donald Trump, European Commission President Ursula von der Leyen reaffirmed on Monday, adding that Brussels was also ready to take counter measures.
(via Reuters)
Share market today live updates: US Fed to hold 'emergency closed-door meeting' on Monday?
The US Fed is slated to hold a 'closed board meeting' on Monday morning --- with many on the internet tagging it as an 'emergency' talks. The development came amid a global stock market freefall and growing fears of a recession. The meeting was however scheduled and announced on April 3 (less than a day after Trump revealed his sweeping reciprocal tariffs). Social media claims about the meeting being "caused by the recent market dump" therefore appear to be somewhat misleading.
Share market today live updates: Trump will 'listen to proposals for great deals' says aide
White House economic adviser Kevin Hassett played down economic concerns over President Donald Trump's tariffs, saying the president has talked to world leaders all weekend and will listen to proposals for great deals.
"He's doubling down on something that he knows works, and he's going to continue to do that. But he is also going to listen to our trading partners, and if they come to us with really great deals that advantage American manufacturing and American farmers, I'm sure he'll listen," the director of the National Economic Council told Fox News.
Share market today live updates: Dow futures fall 950 points, VIX 'fear index' hits 60
The VIX "fear index" of volatility also surged, rising as high as 60 for the first time since August, and signs of stress were also seen in credit markets.
Share market today live updates: Goldman Sachs says US recession odds now at 45% in second hike within a week
Goldman Sachs has raised the odds of a U.S. recession to 45% from 35%, the second time it has increased its forecast in a week amid a growing chorus of such predictions by investment banks due to an escalating trade war. The firm, has raised its estimate from 20% early last week on fears that US. President Donald Trump's planned tariffs would roil the global economy. Days later, Trump announced steeper-than-expected duties, which have ignited a sell-off in global markets.
Since then at least seven top investment banks have raised their recession risk forecasts, with JP Morgan putting the odds of a US and global recession at 60%, on fears that the tariffs will not only ignite US inflation but also spark retaliatory measures from other countries, as China has already announced.
Goldman, on Sunday, lowered its US economic growth outlook for 2025 to 1.3% from 1.5%. That, though, is higher than Wells Fargo Investment Institute's (WFII) 1% growth forecast, while JP Morgan estimates a 0.3% contraction, on a quarterly basis.
Share market today live updates: S&P 500, Dow futures down 20% from record highs
S&P 500 futures are down more than 20% from their peak, suggesting the benchmark index is heading toward bear market territory. If the index ends down 20% from its all-time closing highs, it would confirm the index has been in a bear market since February. Futures linked to the Dow also fell 20% from their record high.
Futures have however cut losses from earlier in the session. S&P 500 E-minis were now down 120 points, or 2.35%, Nasdaq 100 E-minis were down 476.5 points, or 2.72%, and Dow E-minis were down 805 points, or 2.09%.
"What we're seeing is more of a technical bounce after a very steep selloff, but it's not necessarily the end of the selloff. For that to happen, we would need to see fundamental changes such as Trump walking back some trade tariffs or some sense that the global economy will perform okay regardless, or central banks stepping in to support economies," said Fiona Cincotta, senior market analyst at City Index told Reuters
Share market today live updates: Oil drops to four-year low
Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals and coffee declined as the intensifying trade war between the United States and China triggered worries over demand for raw materials. Gold, which hit a record peak last week, also fell amid a wider market selloff.
Share market today live updates: Deutsche Bank raises average gold price forecasts
Deutsche Bank raised its average gold price forecasts for 2025 and 2026 to $3,139 and $3,700 per ounce respectively, driven by recent economic and geopolitical developments globally. The bank had previously forecast an average price of $2,725 for this year, and $2,900 for 2026.
US President Donald Trump has shown no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve cutting interest rates as early as May.
"We conclude that the bull case for gold remains strong despite this week's correction and further upgrade our year-end (fourth quarter 2025) forecast to $3,350 per ounce," the bank said in a note on Monday.
(via Reuters)
Share market today live updates: Wall Street 'fear gauge' hits 50
The CBOE Volatility Index --- considered to be the 'fear gauge' of Wall Street surged to the 50 level early on Monday. The extreme level is typically seen only during bear markets. There is growing fear that the sell-off would feed on itself with hedge funds forced to sell down equities and other risky asset it order to raise the cash needed to meet margin calls.
Share market today live updates: German DAX index on track for biggest decline since COVID-19
German stocks plummeted on Monday --- with the DAX index 4.49% lower at 1:17 pm (local time). The MDAX index which houses 50 German midcaps was also on track to record its worst trading day since 2020.
Futures data shows that the S&P 500 is poised to enter the bear market when Wall Street opens on Monday morning --- down more than 20% from their all-time highs. Meanwhile the Dow Jones future is currently down 600 points. The Dow Jones Industrial Average futures also sank 20% below their record high.
An index confirms it has been in a bear market if it closes more than 20% below its record closing high. The last time the S&P 500 confirmed it was in bear market territory was in June 2022 when investors were worried whether the Federal Reserve would be able to tame post-pandemic inflation without causing an economic downturn.
Share market today live updates: Trump takes a swipe at China over retaliatory tariffs
US President Donald Trump insisted that there was "no inflation" and claimed that the country was "bringing in Billions of Dollars a week" from tariffs. He also took a swipe at China for announcing retaliatory tariffs.
"This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its tariffs by 34%, on top of its long term ridiculously high tariffs (plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA!" he added in his Truth social post.
Share market today live updates: Trump says 'there's no inflation', reiterates call for US Fed to cut rates
US President Donald Trump insisted that there was "no inflation" as global stock markets remained in freefall after his sweeping tariff announcement.
"Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place," he wrote in a Truth Social post.