Overview

• The S&P 500 fell 3.5%, the Dow dropped 2.5%, and the Nasdaq slid 4.3% on April 10, 2025, marking one of the steepest single-day declines this year.
• President Trump implemented a 145% tariff on Chinese imports and a temporary 10% universal tariff on most other imports, intensifying trade tensions with Beijing.
• Global markets felt the ripple effects, with Japan’s Nikkei 225 tumbling over 5% and U.S. Treasury yields rising as investors sought safer assets.
• Gold futures surged by more than 3%, boosting mining stocks like Newmont, which saw a 4.5% gain, as economic uncertainty drove demand for safe-haven investments.
• Investors are bracing for further market catalysts, including key bank earnings reports and inflation data that could influence Federal Reserve policy decisions.