financetom
Market
financetom
/
Market
/
US Stock Futures Fall, Nikkei Crashes Over 5% As Markets Reel From Trump's Tariff Shock
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Stock Futures Fall, Nikkei Crashes Over 5% As Markets Reel From Trump's Tariff Shock
Apr 10, 2025 6:51 PM

U.S. stock futures fell on Thursday night as investors prepared to close a volatile trading week marked by dramatic market swings.

Nasdaq-100 futures led declines, dropping 1.26% to 18,251.75, while S&P 500 futures fell 1.04% to 5,247.00 and Dow futures slipped 0.88% to 39,448.00.

Japan's Nikkei 225 tumbled 5.39% to 32,744.89 in early Friday trading, shedding 1,864 points amid global market volatility. U.S. Treasury yields rose, with the 10-year up 8.4 basis points to 4.476% and the 30-year up 9.6 basis points to 4.944%.

Gold prices surged, with June COMEX contracts rising 1.61% to $3,228.60 as demand for safe-haven assets increased.

Markets remain on edge after President Donald Trump rolled out a temporary 10% universal tariff on most imports, while slapping China with a steep 145% duty, the White House told CNBC. Still, Trump struck a hopeful tone, expressing confidence in eventually reaching a deal with Beijing.

“Would love to be able to work a deal with China,” Trump told reporters at the White House. “I think we will end up working out something good for both nations.”

The comments helped major indexes trim earlier losses, with the S&P 500 tracked by SPDR S&P 500 closing at 5,268, down 3.46% after falling more than 4% midday. The Nasdaq-100, tracked by Invesco QQQ Trust, Series 1 ( QQQ ) , lost 4.19%, dropping to the 18,343 level.

Traders will face additional catalysts on Friday, including major bank earnings from JPMorgan Chase & Co. ( JPM ) and Wells Fargo & Co. ( WFC ), along with crucial March producer price inflation data that could influence Federal Reserve policy decisions.

Read Next:

Obama-Era Economist Jason Furman Says Trump Tariffs ‘Now Higher & More Inflationary’ Than Announced: Raising China Levies Outweighs 90-Day Delay On Others

Image via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japanese shares tumble as US tariffs cloud global economic outlook; automakers skid
Japanese shares tumble as US tariffs cloud global economic outlook; automakers skid
Feb 2, 2025
(Updates with comments) TOKYO, Feb 3 (Reuters) - Japanese shares fell 2% on Monday, led by automakers, as worries grew about the global economy after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China. The Nikkei had declined 2.1% to 38,757.43 by 0127 GMT, while the broader Topix was down 1.9% to 2,736.08. The White House said on...
Tyson Foods, Clorox And 3 Stocks To Watch Heading Into Monday
Tyson Foods, Clorox And 3 Stocks To Watch Heading Into Monday
Feb 3, 2025
With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Tyson Foods Inc. ( TSN ) to report quarterly earnings at 88 cents per share on revenue of $13.44 billion before the opening bell, according to data from Benzinga Pro. Tyson Foods ( TSN...
BRIEF-KKR Has Teamed Up With Real Estate Giant Hulic In Process Of Buying Shares In Intermediate Holding Company That Bundles Non-Core Businesses Such As Supermarkets Under Seven & I Holdings, Nikkei
BRIEF-KKR Has Teamed Up With Real Estate Giant Hulic In Process Of Buying Shares In Intermediate Holding Company That Bundles Non-Core Businesses Such As Supermarkets Under Seven & I Holdings, Nikkei
Feb 3, 2025
Feb 3 (Reuters) - Seven & i Holdings Co Ltd ( SVNDF ): * KKR HAS TEAMED UP WITH REAL ESTATE GIANT HULIC IN PROCESS OF BUYING SHARES IN INTERMEDIATE HOLDING COMPANY THAT BUNDLES NON-CORE BUSINESSES SUCH AS SUPERMARKETS UNDER SEVEN & I HOLDINGS, NIKKEI SAYS * SEVEN & I HOLDINGS PLANS TO DECIDE ON FINAL BUYER BY SPRING, NIKKEI...
Japan's Nikkei logs worst day in 4 months on US tariff worries; automakers slump
Japan's Nikkei logs worst day in 4 months on US tariff worries; automakers slump
Feb 2, 2025
(Updates with closing prices) TOKYO, Feb 3 (Reuters) - Japan's Nikkei fell more than 2% on Monday in its worst session in four months as concerns over the global economy mounted after U.S. President Donald Trump levied tariffs on Canada, Mexico and China, with automakers leading the decline. The Nikkei slipped 2.66% to 38,520.09, its lowest close since Jan. 17....
Copyright 2023-2025 - www.financetom.com All Rights Reserved