Indices fall: Dow 0.84%, S&P 500 1.57%, Nasdaq 2.15%. The S&P is now falling more than 12% since the rate of the rate and is simply shy for the territory of Bear Market. | Photocredit: Andrew Kelly/Reuters
The S&P 500 was sold sharply on Tuesday to close for the first time in almost a year after reversing a strong morning rally below 5,000 points, while investor hopes to blur for any imminent American delays or concessions on rates for a midnight -theadline.
The S&P 500 has lost $ 5.83 trillion in market value, due to the steepest four days of losses since the index was founded in the 1950s, after President Donald Trump revelation of hefty global rates against US trading partners late on Wednesday.
The decrease in the index of more than 12% since the announcement has been the largest consecutive four-day percentage since the COVID Pandemie, according to LSEG data.
The S&P had risen more than 4% earlier on Tuesday, because investors hoped that Trump would mitigate his position or postpone a Deadline for rates on Wednesday.
But Pers Secretary of the White House, Karoline Leavitt, said on Tuesday afternoon that Trump expects the rates to come into force, although they said that nearly 70 countries had their hand to start the negotiations to reduce the impact of American trade policy.
Market participants “were optimistic this morning that we would get a kind of sign that we are getting closer to a deal or a compromise with some of these larger countries or that there would be a delay, since so many people wanted to negotiate,” said Lindsey Bell, main market strategist at Clearnomics in New York.
“That does not necessarily seem to be the case, because we are quickly approaching the midnight theadline and investors lose confidence.”
The White House said on Tuesday afternoon that 104% rates on China will take effect on Wednesday.
This was after China said earlier that it will never accept the ‘blackmail’ of Trump’s threat to increase rates for Chinese imports to more than 100%.
And trade representative Jamieson Greer of the United States said on Tuesday that exemptions for global rates are not expected in the short term.
“People wanted to be optimistic and eventually realized that they had no good reason,” Melissa Brown, director of the decision decision of investment at Simcorp.
“The income will be reported in the coming days. Even if the profit is not bad in the first quarter, we will see a lot of language from companies about the expected impact of the rates.”
The quarterly profit season starts later this week, with JPMorgan, Morgan Stanley and Wells Fargo on Friday.
The S&P 500 came closer to the confirmation of a bear market and ended almost 19% under the record of 19 February. A bear would be 20% lower.
The benchmark lost 79.48 points, or 1.57%, to close at 4,982.77 on Tuesday. The last time it was closed under 5,000 was April 19 last year.
The industrial average of Dow Jones fell 320.01 points, or 0.84%, to close to 37,645.59, while the Nasdaq composite lost 335.35 points or 2.15%to end at 15,267.91.
After falling as low as 36.48 points earlier in the day, the CBOE Volatility Index – seen as Wall Street’s ‘Fear Gauge’ – again steam to close at 52.33 points, which was the highest final level since March 2020 in the fourth consecutive day of progress.
Ensuring that aggressive American rates could stimulate inflation and worldwide growth have led to some to believe that the federal interest interest rates could follow.
But President Mary Daly, president of San Francisco Federal Reserve Bank, said on Tuesday afternoon that with the economy there is strong and much still unclear about the effect of a new policy of the Trump administration, the central bank should not hurry to adjust the interest rates.
In individual shares, Health Insuriter UnitedHealth Group climbed by 5.4% and Humana increased by 10.7% after the US has announced an increase in the payment percentages of 5.06% to private insurers before 2026 Medicare Advantage Health Plans.
Falling issues surpassed by the advice of a 3.03-to-1 ratio on the NYSE where 17 new highlights and 1,132 were new lows.
On the Nasdaq rose 1,002 shares and 3,492 then falling issues in the minority fell with a ratio of 3.49 to 1.
The S&P 500 placed no new highlights of 52 weeks and 109 new lows, while the Nasdaq composite has recording 17 new highlights and 568 new lows.
At American stock exchanges, 23.45 billion shares changed hand, well above the average of 17.35 billion for the last 20 sessions, but under the record of Monday 29.45 billion transactions.
Published April 9, 2025
