On April 10, 2025, U.S. stock markets experienced a significant downturn, erasing the substantial gains from the previous day.
The Dow Jones Industrial Average plummeted over 1,000 points, a 2.5% decline, closing at 39,593.66. The S&P 500 fell by 3.46% to end at 5,268.05, while the Nasdaq Composite dropped 4.31%, closing at 15,587.79.
This sharp reversal followed President Donald Trump’s unexpected decision to increase tariffs on Chinese imports to 145%, intensifying trade tensions between the two nations. In retaliation, China announced its own set of measures, including reduced imports of U.S. goods. These developments have heightened fears of a prolonged trade war, contributing to market volatility.
The technology and airline sectors were among the hardest hit. Shares of Tesla (TSLA) and Nvidia (NVDA) both declined significantly, reflecting investor concerns over supply chain disruptions and increased production costs due to the escalating tariffs.
Airline stocks also suffered, with American Airlines (AAL) falling over 14%, and Delta Air Lines (DAL) and United Airlines (UAL) each dropping around 11%.
Year-to-date, several stocks have underperformed notably. Deckers Outdoor (DECK) has seen a decline of 44.9%, while Tesla (TSLA) is down 35.8%. ON Semiconductor Corp. (ON) and Teradyne (TER) have also faced significant losses, with decreases of 35.5% and 34.4%, respectively.
The market’s instability underscores the broader economic uncertainties stemming from aggressive trade policies and their global repercussions. Investors are advised to exercise caution and stay informed as the situation continues to evolve.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/u-s-stock-market-reverses-course-major-indexes-plunge-after-rally/