US Stock Market LIVE: Wall Street slide deepens, major indices end in the red

US Stock Market LIVE: The US stock markets on Monday opened higher, snapping its two-day losing streak amid a global market rally across the Asian and European indices as global investors await signs of relief from the Trump tariffs.

White House spokesperson Karoline Levitt on Tuesday said that the US imposed an additional 50 per cent tariff on China increasing the total tariff to a record high of 104 per cent, according to multiple media reports. The additional tariffs are set to be effective from tomorrow April 9, 2025.

Experts on US stocks

BlackRock Inc. strategists Jean Boivin and Wei Li downgraded US equities on Monday to neutral from overweight on a three-month horizon, saying they expect “more pressure on risk assets in the near term given the major escalation in global trade tensions.”

And a strategy team at Goldman Sachs Group Inc., including Peter Oppenheimer and Lilia Peytavin, said the equity selloff could well turn into a longer-lasting cyclical bear market as recession risks mount.

Quarterly earnings season will kick off later this week

Quarterly earnings season will kick off later this week, with JPMorgan, Morgan Stanley, opens new tab and Wells Fargo, opens new tab set to report on Friday.

Tesla drops 5%, Nvidia down over 1%

Tesla share price declined 4.90%, Nvidia stock price fell 1.37%, Advanced Micro Devices shares plunged 6.49%, while Intel stock plunged 7.36%. Apple share price dropped 4.98%.

S&P 500 loses $5.83 trillion market value in four days’ slide

The S&P 500 closed below the 5,000-point mark for the first time in nearly a year, erasing $5.83 trillion in market value in the steepest four-day decline for the index since its inception in the 1950s. The index also moved closer to confirming a bear market, ending the session nearly 19% below its all-time high recorded on February 19.

Wall Street slide deepens, major indices end in the red

US stocks fell sharply on Tuesday as fears over President Trump’s escalating trade wars rattled investors.

S&P 500 dropped 1.6% to 4,982.77, closing below 5,000 for the first time in nearly a year.

Dow Jones Industrial Average fell 0.8% to 37,645.59, nearly 1,780 points off its session high.

Nasdaq Composite tumbled 2.2% to 15,267.91, led by losses in tech stocks.

Coal stocks surge as Trump backs domestic production

President Trump is expected to sign an executive order supporting domestic coal production. The move triggered a sharp rally in coal-related stocks. Peabody Energy Corporation rose approximately 10% in afternoon trading. Core Natural Resources climbed nearly 8%. Ramaco Resources saw the biggest gain, jumping about 17%.

Brent crude falls $1.47 (2.29%) to $62.74 a barrel

Oil prices drop over $1 a barrel, hitting four-year lows. Brent crude falls $1.47 (2.29%) to $62.74 a barrel. US WTI crude slips $1.26 (2.08%) to $59.44 a barrel. Decline driven by recession fears linked to US-China trade conflict. Traders remain cautious despite stock market recovery.

Wall Street wobbles again as early gains vanish

Stocks gave up an early rally, resulting in big swings for a second consecutive day. The S&P 500 erased nearly all of a 4% gain by early afternoon, ultimately rising by just 0.2%. The Dow Jones Industrial Average gained 254 points. The Nasdaq composite was near breakeven, showing minimal movement.

Donald Trump Tariff Talks

“We're managing a massive amount of requests for negotiations…,” said President Trump in his recent post on Truth Social.

US President Donald Trump, on his Truth Social account, said that the US is currently dealing with many other nations who want to make a “deal” with the Western nation ahead of the US stock market opening.

This move attempted to restore global market investors' faith in the US indices. As per the early trading session, all three benchmark indices were trading 3 per cent higher on Tuesday.

“We are likewise dealing with many other countries, all of whom want to make a deal with the United States,” said US President Donald Trump in his post on Truth Social ahead of the Wall Street opening bell.h

Top Gainers

Boeing Co., Nvidia Corp., JPMorgan Chase & Co., Salesforce Inc., UnitedHealth Group Inc., Travelers Cos. Inc., Visa Inc., Goldman Sachs Group Inc., 3M Co., Microsoft Corp., American Express Co., Walt Disney Co., Coca-Cola Co., Amazon, Walmart, and Apple, were among the top gainers on the Dow Jones index on Tuesday.

US Markets Today

At 9:30 a.m. (EDT), the Dow Jones Industrial Average (DJIA) opened 2.27 per cent higher at 38,827.1, compared to 37,965.60 points at the previous Wall Street close. 

The Dow is currently trading 0.66 per cent higher at 38,219.50 points. The gains on the US benchmark eroded after reports over fresh tariffs on China emerged on Tuesday. The index marked a 1,300-point rise in the early market session, Marketwatch data shows.

The S&P 500 index, after closing on a loss on Monday, opened 2.59 per cent higher at 5,193.57 points, compared to 5,062.25 points at the previous market close.

The S&P 500 is trading 0.24 per cent higher at 5,073.22 points.

New York-based tech-heavy Nasdaq Composite index extended its gains opening 3.70 per cent higher at 16,181.041 points, compared to 15,603.26 at the previous US market close.

Nasdaq is currently trading 0.03 per cent higher at 15,604.66 points, as of 1:20 a.m. (EDT). The Nasdaq gains eased a little after the early trading session.

Shares like Nvidia, Apple, and Tesla were among others that lost significant value in the last two stock market sessions, gained on Tuesday after President Trump attempted to restore faith in his policy decisions and the US economy. 

US Markets

The Dow Jones Industrial Average (DJIA) closed 349 points or 0.91 per cent lower after Monday's US markets session at 37,965.60 points, compared to 38,314.86 points at the previous market close.

The S&P 500 index closed 0.23 per cent lower at 5,062.25 points, compared to 5,074.08 points at the previous Wall Street close on Monday.

However, the tech-heavy Nasdaq Composite index closed 0.10 per cent higher at 15,603.26 points, compared to 15,587.79 points in the previous market close.

Today's US markets are likely to recover as the global markets indicate a rally across the Asian and European indices. The Dow Jones Futures are trading 1,137.4 points higher at 39,103 points ahead of the US stock market opening bell.

Global Markets Today

On the global markets front, Japan's Nikkei 225 index closed over 1,800 points higher after a rally on April 8, with 6.03 per cent gains at 33,012.58 points, compared to 31,136.58 points at the previous stock market close.

The Hong Kong-based Hang Seng index closed 1.51 per cent higher at 20,127.68 points, compared to 19,828.30 points in the previous market close. The index lost more than 3,000 points on Monday amid a global market crash.

In Europe, the UK-based FTSE 100 index is trading 2.84 per cent higher at 7,918.01 points as of 12:50 p.m. (BST), compared to 7,702.08 points at the previous market close. The German DAX index was trading 2.54 per cent higher at 20,291.88 points as of 2:20 p.m. (CEDT).

The Indian stock market benchmark indices like the Nifty 50 closed 1.69 per cent higher at 22,535.85 points, compared to 22,161.60 points at the previous market close.

The BSE Sensex closed 1.49 per cent higher at 74,227.08 points after Tuesday's market session, compared to 73,137.90 points at the previous market close.

Gold futures for the June 2025 contract were trading 1.21 per cent higher at ₹87,979 as of 6:27 p.m. (IST), compared to ₹86,928 at the previous commodity market close.

US Stock Market Today

On the performance of the US stock market today, Gaurav Bhandari, the chief executive officer (CEO) of Monarch Networth Capital Limited, said that after the global market crash, he expects that the widespread fear over the tariffs is coming to an end for the US market, and in today stock market session the indices are expected to rally while maintaining a bearish sentiment.

“Despite the widespread fear gripping global markets, fueled in part by recent tariff announcements from President Trump, I believe we are nearing the end of a bottoming process in US markets. In my view, this final phase will give way to a sharp, euphoric rally that could mislead many into thinking stability has returned,” said the stock market expert.

“While sentiment remains bearish, I foresee a surge in the S&P with potential upside targets of 6300–6700 over the next 6–8 months, marking what could be a classic blow-off top before a significant correction. This is a personal take based on current market signals, and while risks persist, I believe we’re on the cusp of a powerful, albeit temporary, upswing,” said Bhandari.

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