
<p><a href="https://www.forbes.com/"></a></p>



<p><a href="https://www.forbes.com/sites/dereksaul/2025/04/08/stocks-slide-again-as-tariff-losses-worsen-in-another-dow-down-8000-points-from-peak/#open-web-0"></a></p>



<p><a href="https://www.forbes.com/sites/dereksaul/2025/04/08/stocks-slide-again-as-tariff-losses-worsen-in-another-dow-down-8000-points-from-peak/#open-web-0"></a></p>



<h2 class="wp-block-heading" id="h-topline">Topline</h2>



<p>Stocks soared then came down to Earth on Tuesday as investors digested the latest developments in President Donald Trump’s “Liberation Day” trade war, with the markets failing to sustain a recovery from&nbsp;<a href="https://www.forbes.com/sites/dereksaul/2025/04/04/tariffs-cause-another-stock-market-rout-losses-approach-5-trillion-as-dow-plummets-another-2200-points/">historically bad</a>&nbsp;losses over the last week, as China, the world’s second-largest economy,&nbsp;<a href="https://apnews.com/article/china-us-tariffs-trade-trump-b5010acb08114304d8c36267b47eda13" rel="noreferrer noopener" target="_blank">threatens</a>&nbsp;to “fight to the end” with the U.S. over the soaring import duties.</p>



<h2 class="wp-block-heading" id="h-key-facts">Key Facts</h2>



<p>All three major U.S. stock indexes fell further Tuesday, as the Dow Jones Industrial Average slipped 0.8%, or 320 points, the S&amp;P 500 declined 1.6% and the tech-heavy Nasdaq dropped 2.2%.</p>



<p>That was a major reversal from a morning surge, in which the Dow spiked more than 1,400 points and the S&amp;P and Nasdaq jumped about 4% apiece, which would have been the indexes’ steepest respective gains since 2022.</p>



<p>Tuesday’s session mirrored more of a dead cat bounce, in which a financial asset in decline briefly rallies before falling further, rather than a sustained improvement in sentiment, with the lost steam coming after no tangible reversal of the White House’s tariff plans materialized.</p>



<p>The Dow is down 12%, or 5,040 points, since Trump’s wide sweeping tariff announcement last Wednesday, and the S&amp;P and Nasdaq have lost 13% and 14% over the four trading session span, respectively.</p>



<p>Monday’s trading session was similarly rocky, as the S&amp;P bounced between what was as much as a 3.4% daily gain and a 4.5% daily loss before closing with a 0.2% decline.</p>



<p>The S&amp;P narrowly dodged closing in a 20% bear market, ending 18.9% below its Feb. 19 all-time high.</p>



<h2 class="wp-block-heading" id="h-big-number">Big Number</h2>



<p>7,370 points. That’s how much the Dow has dropped from its December closing record through Tuesday, a 16% dive.</p>



<h2 class="wp-block-heading" id="h-surprising-fact">Surprising Fact</h2>



<p>If the S&amp;P does slip into a 20% bear market, this would be the third-fastest such drawdown ever, trailing only 1929’s Great Depression crash and 2020’s brief COVID-19 crash,&nbsp;<a href="https://x.com/bespokeinvest/status/1909695157806547158" rel="noreferrer noopener" target="_blank">according</a>&nbsp;to Bespoke Investment Group.</p>



<h2 class="wp-block-heading" id="h-why-were-stocks-up-this-morning">Why Were Stocks Up This Morning?</h2>



<p>The morning recovery came as Wall Street thirsted for any signs the Trump administration would leave the door open for&nbsp;<a href="https://www.forbes.com/sites/alisondurkee/2025/04/07/will-trump-negotiate-tariffs-president-orders-talks-with-japan-and-says-he-wants-fair-deals-with-other-countries/">negotiations</a>&nbsp;on the tariffs viewed by&nbsp;<a href="https://www.barrons.com/articles/sp500-earnings-tariffs-0b9cf2d2" rel="noreferrer noopener" target="_blank">many</a>&nbsp;to be devastating to corporate earnings. Those signs were led by Treasury Secretary Scott Bessent’s&nbsp;<a href="https://www.youtube.com/watch?v=79wmUgaRCro" rel="noreferrer noopener" target="_blank">comments</a>&nbsp;Tuesday to CNBC’s Squawk Box that he believes “we can end up with some good deals” if other countries come to the table.</p>



<h2 class="wp-block-heading" id="h-trump-heralded-bond-rally-also-lost-steam">Trump-Heralded Bond Rally Also Lost Steam</h2>



<p>Trump has already lost one development he took a&nbsp;<a href="https://www.forbes.com/sites/dereksaul/2025/04/04/trump-shares-claim-hes-crashing-stock-market-on-purpose-as-he-lobbies-for-emergency-rate-cuts/">victory lap</a>&nbsp;on last week. Yields for 10-year U.S. Treasury notes, the benchmark to which many borrowing rates are tied to, climbed about 10 basis points to nearly 4.3%, higher than they stood prior to Liberation Day, up nearly 40 basis points from their Friday low. Higher yields indicate less valuable bonds as investors sour on the idea of holding U.S. government debt, and the rising 10-year signals borrowing costs are not coming down. The 10-year is almost exactly flat from where it stood at Election Day.</p>



<h2 class="wp-block-heading" id="h-what-to-watch-for">What To Watch For</h2>



<p>Trump’s country-by-country tariffs, beyond the 10% universal duties, are scheduled to go into effect at 12:01 a.m. EDT on Wednesday. The White House&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2025/04/07/trump-90-day-tariff-pause-rumor-causes-stock-whipsaw-before-white-house-calls-it-fake-news-heres-what-happened/">called</a>&nbsp;a report it was considering a pause, similar to delays on Canada and Mexico tariffs earlier in Trump’s second term, “fake news,” though billionaire Trump donor Bill Ackman officially&nbsp;<a href="https://x.com/BillAckman/status/1909586890887438817" rel="noreferrer noopener" target="_blank">lobbied</a>&nbsp;for a 30-day or longer pause Tuesday.</p>



<h2 class="wp-block-heading" id="h-china-and-scott-bessent-war-over-who-is-making-mistake">China And Scott Bessent War Over Who Is Making ‘mistake’</h2>



<p>Trump&nbsp;<a href="https://truthsocial.com/@realDonaldTrump/posts/114297331052690348" rel="noreferrer noopener" target="_blank">said</a>&nbsp;Monday he would slap an additional 50% tariff on Chinese imports over the country’s retaliatory tariffs, which the Chinese Commerce Ministry&nbsp;<a href="https://www.bloomberg.com/news/articles/2025-04-08/china-vows-to-fight-to-the-end-if-us-insists-on-new-tariffs" rel="noreferrer noopener" target="_blank">called</a>&nbsp;a “mistake on top of a mistake” that “China will fight to the end.” Bessent, the U.S.’ top economic official,&nbsp;<a href="https://www.cnbc.com/2025/04/08/treasury-secretary-bessent-says-chinas-escalation-was-big-mistake-country-playing-with-losing-hand.html" rel="noreferrer noopener" target="_blank">said</a>&nbsp;Tuesday the Chinese response was a “big mistake” and it’s a “losing hand” for the Asian power to engage in a tariff war.</p>



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<h2 class="wp-block-heading" id="h-further-reading">Further Reading</h2>



<p><a href="https://www.forbes.com/sites/dereksaul/2025/04/07/forbes-recession-tracker-recession-odds-spike-as-trumps-tariff-liberation-day-approaches/" target="_blank" rel="noreferrer noopener">ForbesForbes Recession Tracker: Goldman, JPMorgan Say Recession Incoming If Trump Doesn’t Blink On Tariffs<small>By&nbsp;Derek Saul</small></a></p>



<p><a href="https://www.forbes.com/sites/alisondurkee/2025/04/07/will-trump-negotiate-tariffs-president-orders-talks-with-japan-and-says-he-wants-fair-deals-with-other-countries/" target="_blank" rel="noreferrer noopener">ForbesWill Trump Negotiate Tariffs? President Orders Talks With Japan And Says He Wants ‘Fair Deals’ With Other Countries<small>By&nbsp;Alison Durkee</small></a></p>



<figure class="wp-block-image"><img decoding="async" src="https://sync.graph.bluecava.com/ds.png?p=4cb3430d-9dfd-11ef-a5fe-4201ac100015&amp;segment=forbeseval" alt=""/></figure>


Dow Jones Average Falls Steeply, As Investors Doubt Future Interest Rate Cut After Surprise Jobs Report

Stocks Slide Again. The Dow Is Down More Than 7,000 Points From Peak.


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>The Dow Jones Industrial Average made history Thursday, setting the latest impressive milestone for 2024’s red-hot stock market.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>The Dow crossed 40,000 for the first time in its 128-year history Thursday at about 10:30 a.m. ET, gaining as much as 140 points (0.4%) to a new all-time high of 40,046.21.</p>



<p>The Dow, which tracks 30 of the most valuable U.S. public companies across a gamut of industries, is up 6% this year and 23% from its October bottom, reflecting the positive shift in investor sentiment over the period.</p>



<p>Boosting the Dow on Thursday was retailer Walmart, whose shares rallied 7% to an all-time high after reporting first-quarter earnings.</p>



<h2 class="wp-block-heading" id="h-surprising-fact">SURPRISING FACT</h2>



<p>It took 103 years for the index to top 10,000, set during the dot-com boom in March 1999, another 18 years to cross 20,000, accomplished in Jan. 2017, about 3.5 years to surpass 30,000 in Nov. 2020 and another 3.5 years to eclipse 40,000.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>The Dow differs from the U.S.’ two other leading stock indexes – the S&amp;P 500 and tech-heavy Nasdaq Composite – in its narrow basket of constituent companies and its weighting based on share prices, rather than market capitalization. Both the S&amp;P and the Nasdaq also sit at record highs. The 3.5-year period between the Dow’s first times above 30,000 and 40,000 was a rollercoaster. Stocks crashed in 2022 as high inflation caused the market to brace for higher interest rates, which typically bring down stock prices as investors opt for higher returns on bonds and react to worsened corporate earnings power due to higher borrowing costs. But even as interest rates climbed to a two-decade high, stocks stormed ahead, helped by expanding price-to-earnings valuations thanks to artificial intelligence optimism, companies’ tightening of their belts and expectations of interest rate cuts beginning this year.</p>



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



<p>The Dow’s 40,000 milestone is a “big psychological boost” for investors, Chris Zaccarelli, Independent Advisor Alliance’s chief investment officer, wrote in emailed comments.</p>



<p>.</p>


Tag: Dow

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Stocks Slide Again. The Dow Is Down More Than 7,000 Points From Peak.

Dow Crosses 40,000 For First Time In History