Business/Markets/Stocks/Economics Random, Random

[ti-amie]

Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal: Live updates

The stock market mounted one of its biggest rallies in history after President Donald Trump announced a pause in some of his “reciprocal” tariffs on the globe, causing a market that has been under extreme pressure for the past week to explode higher.

The S&P 500
skyrocketed 9.52% to settle at 5,456.90 for its biggest one-day gain since 2008. For the broad market index, it was the third-biggest gain in post-WWII history. The Dow Jones Industrial Average
advanced 2,962.86 points, or 7.87%, to close at 40,608.45 for its biggest percentage advance since March 2020. The Nasdaq Composite
jumped 12.16% to end at 17,124.97, notching its largest one-day jump since January 2001 and second-best day ever.

About 30 billion shares traded hands, making it the heaviest volume day on Wall Street in history, according to records that go back 18 years.

“I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump posted on his Truth Social. Trump, in the same post, said he was raising the tariff on China higher again to 125%.

Treasury Secretary Scott Bessent later clarified that all countries except China would return to the 10% baseline tariff rate, down from the higher rates that previously shocked the markets, as negotiations take place. The pause would not apply to sector tariffs, Bessent said.

Stocks that were heavily pressured by the trade war tensions led the comeback Wednesday afternoon. Apple
and Nvidia
soared more than 15% and nearly 19%, respectively. Walmart
shares rallied 9.6%. Tesla
shares climbed more than 22% on the back of the pause announcement.

“Given how depressed stock prices and sentiment had become, the 90-day pause is sparking a violent rebound, and delaying implementation certainly removes a giant overhang from the market,” said Adam Crisafulli, founder of Vital Knowledge. “But — tariffs are not going away. China’s tariff rate is now in triple digit territory, and who knows what happens in 90 days when this pause concludes.”

https://www.cnbc.com/2025/04/08/stock-m ... ates-.html

[ti-amie]

Financial Times‬ ‪@financialtimes.com‬
·
47m
Why did Donald Trump buckle?

www.ft.com/content/eecc...



https://www.ft.com/content/eecc0a2a-654 ... 996e049d36

[ti-amie]

Carl Quintanilla‬ ‪@carlquintanilla.bsky.social‬
·
1h
“.. We are now 56 trading days into the second Trump administration, and S&P 500's performance in that span is one of the worst of any president in history for the comparable period.”

- Bespoke

[Owendonovan]

Someone's making bank off this nonsense. Not me.

[ti-amie]

Carl Quintanilla
‪@carlquintanilla.bsky.social‬
JPMORGAN: “.. as of now we maintain our 60% US/Global recession call from last week. The 40% non-recession call includes the possibility of further backpedaling from Trump on China tariffs.”

[ti-amie]

Carl Quintanilla‬ ‪@carlquintanilla.bsky.social‬
·
19m
So close to getting it.

abcnews.go.com/Politics/tru...

[ti-amie]

Someone's making bank off this nonsense. Not me.

Adam Schiff: There is another profound danger... --that is insider trading within the White House... Were people personally profiting from insider information while people's savings...their retirements accounts were being torched? We're demanding answers....we're going to get to the bottom of this.

[ti-amie]

PSST! It was the bond market.

[ti-amie]

The "formal announcement"

r/stocks
•
7 hr. ago
sethrollins22

Donald Trump authorises 90-day pause on all tariffs effective immediately
Confirmed True!
Quote from trump:

"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"

mpoozd
•
7h ago
•
Edited 7h ago
Holyfuk SPY went up 8% !

Pure pump and dump

Edit: Minutes before announcement

Very large volumes on far OTM calls on SPX +5250C worth $50k to $100k

They sold em for $5m to $9m

Yes you read it correctly $50k to $5 million in minutes

erbush1988
•
6h ago
•
Edited 4h ago
They tested this the other day with the 90 day hold fake announcement.

That was the test to see if this would be effective. It's all a game to them.

[ti-amie]

This should help calm things with China. /s

[ti-amie]

Dramatic sell-off of US government bonds as tariff war panic deepens
Falling demand suggests loss of financial confidence in US as Donald Trump escalates trade standoff with China

Phillip Inman and Jasper Jolly
Wed 9 Apr 2025 12.37 EDT

US government bonds, traditionally seen as one of the world’s safest financial assets, are suffering a dramatic sell-off as Donald Trump’s escalation of his tariff war with China sends panic through all sectors of the financial markets.

The falls suggest that as Trump’s fresh wave of tariffs on dozens of economies came into force, including 104% levies against Chinese goods, investors are beginning to lose confidence in the US as a cornerstone of the global economy.

UK bonds also came under pressure from investors, who sent the cost of financing government borrowing to its highest level since 1998, heaping further pain on Rachel Reeves as the chancellor struggles to prevent her budget plans from being wrecked by a panic on global markets.

The yield – or interest rate – on the benchmark 10-year US Treasury bond rose to 4.516% on Wednesday before slipping back to 4.451%, up 0.14 percentage points on the day. This week it has undergone the three biggest intraday moves since Trump was elected in November. Yields move inversely to prices, so surging yields mean falling prices as demand drops.

The move in the 30-year bond was more dramatic. The yield briefly jumped above 5% to its highest since late 2023 and was last trading at 4.899%, or 0.12 percentage points higher than Tuesday.

Both yields came down from their highest levels, however, after a much-anticipated $39bn (£31bn) US bond auction later in the day met market expectations.

“This is a fire sale of Treasuries,” said Calvin Yeoh, a portfolio manager at the hedge fund Blue Edge Advisors. “I haven’t seen moves or volatility of this size since the chaos of the pandemic in 2020,” he told Bloomberg.

Analysts believe the US Federal Reserve may need to step in. Jim Reid, at Deutsche Bank, said: “Markets are pricing a growing probability of an emergency [interest rate] cut, just as we saw during the Covid turmoil and the height of the GFC [global financial crisis] in 2008.”

UK bonds came under severe pressure after the US moves. The yield on a 30-year UK gilt hit 5.65%, surpassing a previous 27-year high of 5.472% set in January.

Shorter-dated 10-year gilt yields were slightly higher at 4.78%, while two-year yields ticked down to 4%.

Higher yields on gilts – UK government bonds – will make things even more difficult for Downing Street, as it will raise the cost of borrowing to fund investment.

China’s intransigence in the face of escalating US tariffs appeared to indicate that the world’s two largest economies were heading for a showdown, with an outcome that analysts said was difficult to predict.

“When challenged, we will never back down,” said China’s foreign ministry spokesperson, Lin Jian. The commerce ministry said: “China will fight to the end if the US side is bent on going down the wrong path.” Beijing has promised further countermeasures.

It was not clear whether China, which is one of the world’s largest holders of Treasuries, included among its policy changes the sale of those bonds, accelerating the sell-off and the US administration’s financial pain.

Global stock markets suffered another tumultuous day as the tariffs took effect.

Japan’s Nikkei benchmark index fell almost 4%, while Taiwan’s benchmark stock index was 5.8% lower. Hong Kong’s Hang Seng index recouped some earlier falls to close 0.4% down, and South Korea’s Kospi 200 index dropped by 1.8%.

However, China’s stock markets rose, appearing to weather the storm after government interventions. The SSE composite index in Shanghai ended the day 1.1% higher, while the Shenzhen SE composite rose 2.2%.

In Europe, the major markets also fell back. In London, the FTSE 100 dropped by 3% on Wednesday, immediately undoing the gains on Tuesday. Germany’s Dax index dropped by about 2.3%, leading to a 16% drop since 18 March, while France’s Cac 40 fell by 3.3%. Spain’s Ibex index was down by 2.2%.

https://www.theguardian.com/business/20 ... ic-deepens

[ti-amie]

PSST! It was the bond market.

Carl Quintanilla‬ ‪@carlquintanilla.bsky.social‬
·
16m
“.. the real credit, Mr. Trump’s advisers admit privately, should go to the bond markets. Mr. Trump’s decision was driven by fear that his tariffs gamble could quickly turn into a financial crisis .. directly attributable to only one man.”

@nytimes.com

www.nytimes.com/2025/04/09/u...

[ponchi101]

How this was not market manipulation is beyond me.

[ti-amie]

Today's closing numbers.(US Markets)

SYMBOL PRICE CHANGE %CHANGE
DJIA
39,593.66 -1,014.79 -2.5
NASDAQ
16,387.31 -737.66 -4.31
S&P 500
5,268.05 -188.85 -3.46


https://www.cnbc.com/us-markets/

[ti-amie]

Dow tumbles 1,000 points, wiping out a chunk of Wednesday’s historic rally: Live updates
Hakyung Kim
Sean Conlon

Stocks fell Thursday, giving back some of the gains from the historic rally seen in the previous session after President Donald Trump announced a 90-day reprieve on some of his "reciprocal" tariffs. Investors worried that even with the short pause on some of the duties, economic activity will be slowed by Trump's singling out of China with a much higher rate.

The S&P 500
sold off 3.46% and closed at 5,268.05, while the Nasdaq Composite
slid 4.31% to end at 16,387.31. The Dow Jones Industrial Average
dropped 1,014.79 points, or 2.5%, settling at 39,593.66.

Notable decliners included Apple
and Tesla
, which pulled back 4.2% and 7.3%, respectively. Nvidia
lost nearly 6%, while Meta Platforms
slipped almost 7%.

Losses accelerated after the White House confirmed to CNBC on Thursday that the cumulative tariff rate on China would actually total 145%. This consists of the new 125% duty on goods, on top of the 20% rate levied in response to the fentanyl crisis.

Nonetheless, Trump said later in the afternoon that he is not ruling out an extension to the tariff pause.

“We’ll have to see what happens at that time,” Trump said at a Cabinet meeting.

Here are the tariffs currently in effect:

145% duty on all goods from China
25% tariffs targeting aluminum, autos and goods from Canada and Mexico not under the United States-Mexico-Canada Agreement
10% levy on all other imports
Thursday’s market moves pared back a portion of the gains from Wednesday’s historic surge, in which the S&P 500 soared more than 9% for its third-largest gain in a single day since World War II. The Dow also saw its biggest percentage advance since March 2020, while the Nasdaq scored its biggest one-day gain since January 2001 and second-best day on record.

“Investors have sobered up,” said Melissa Brown, SimCorp managing director of applied research. “Uncertainty is a big issue because the 145% rate could be a different number tomorrow. It’s very hard to call a bottom or a top because things have changed so much in the narrative and investor perceptions.”

The rally took off after Trump announced a temporary drop in tariff rates for most countries to 10% for 90 days. Canada and Mexico won’t be subjected to an additional 10% duty, however. The European Union announced Thursday a similar 90-day pause on levies for U.S. goods.

Despite the initial optimism in response to the 90-day reprieve, many on the Street think the market is not yet out of the woods. Even with the delay in some tariffs, the hike on China duties puts the effective tariff rate at a historic high, according to Morgan Stanley.

“Delays help, but do not reduce uncertainty,” Michael Gapen, Morgan Stanley chief U.S. economist, wrote in a Thursday note.

https://www.cnbc.com/2025/04/09/stock-m ... dates.html