Wall Street Opens Lower Amid Trump’s Tariff Move
Wall Street’s main indexes opened lower on Thursday (Apr 10), coming off a blistering rally following US President Donald Trump’s move to temporarily lower the heavy tariffs on dozens of countries.
Market Reaction
The Dow Jones Industrial Average fell 611.5 points, or 1.51 per cent, at the open to 39,996.93.
The S&P 500 fell 103.7 points, or 1.90 per cent, at the open to 5,353.15, while the Nasdaq Composite dropped 489.5 points, or 2.86 per cent, to 16,635.454 at the opening bell.
Impact on Investors
The sudden decline in the market may have left investors feeling uncertain about their investments. However, it is essential to remember that market fluctuations are a normal part of the investment journey.
Conclusion
In conclusion, the decision by President Trump to temporarily lower tariffs on dozens of countries has had a significant impact on the stock market. While the initial reaction has been negative, it is crucial to stay informed and adapt to any changes in the market.
FAQs
Q: Why did the stock market open lower on Thursday?
A: The stock market opened lower due to the temporary reduction of tariffs on dozens of countries by US President Donald Trump.
Q: What was the impact on the Dow Jones Industrial Average?
A: The Dow Jones Industrial Average fell 611.5 points, or 1.51 per cent, at the open to 39,996.93.
Q: How did the S&P 500 and Nasdaq Composite fare?
A: The S&P 500 fell 103.7 points, or 1.90 per cent, at the open to 5,353.15, while the Nasdaq Composite dropped 489.5 points, or 2.86 per cent, to 16,635.454 at the opening bell.
