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iemanja

(55,852 posts)
Wed Apr 9, 2025, 04:54 PM Apr 9

Stock market today: Dow explodes 3,000 points higher, S&P 500 has best day since 2008 as Trump pauses most reciprocal ta

Source: Yahoo Finance

US stocks rocketed higher on Wednesday as President Trump announced a 90-day pause on tariffs for most countries, yet at the same time upped increasingly ballooning levies on China.

The benchmark S&P 500 (^GSPC) roared up over 9.5%, posting its best day since 2008. The tech-heavy Nasdaq Composite (^IXIC) rallied a whopping 12% for its second-best day on record and its biggest gain since 2001. The Dow Jones Industrial Average (^DJI) was up over 7.8%, or roughly 3,000 points.

"I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," Trump posted on Truth Social just before the market lifted off. Trump also said in the post that the US would be raising its tariffs on China to 125%. . . .

Meanwhile, the benchmark 10-year Treasury yield (^TNX) continued a recent surge, moving up near 4.4% after paring some gains.

Read more: https://finance.yahoo.com/news/live/stock-market-today-dow-explodes-3000-points-higher-sp-500-has-best-day-since-2008-as-trump-pauses-most-reciprocal-tariffs-133616395.html



Some great news for those with retirement investments. Trump's erratic behavior on tariffs, however, is another sign of his instability.
33 replies = new reply since forum marked as read
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Stock market today: Dow explodes 3,000 points higher, S&P 500 has best day since 2008 as Trump pauses most reciprocal ta (Original Post) iemanja Apr 9 OP
This is embarrassing and the complete opposite of what he's been espousing wolfie001 Apr 9 #1
Only 6000 points below its November benchmark. Torchlight Apr 9 #2
Thank you for the exasperated laugh! chowder66 Apr 9 #16
He will be lucky if it ever comes back near those levels while he is in office (early exit very possible). . nt Bernardo de La Paz Apr 9 #19
Most are not pointing out that important fact Meowmee Apr 10 #31
S&P 500 closed Wednesday 4/09 at 5457, up 9.5% for the day, down 5.6% since election day, down 11.2% from ATH progree Apr 9 #3
Oh my...so NOW all those Countries get to "take advantage of us" for Bengus81 Apr 9 #4
one might suspect there is criminal market manipulation going on msongs Apr 9 #5
Gee, ya think? PSPS Apr 9 #8
Very easy to get away with Shermann Apr 9 #14
Is there an SEC anymore to investigate? mdbl Apr 9 #18
Funny you should mention that. LudwigPastorius Apr 9 #21
Unsteady stock prices like this are not a good sign. hadEnuf Apr 9 #6
My stocks recovered a ton today, not completely. They need to "disarm" this fucking idiot, before he opens his OverBurn Apr 9 #7
same here iemanja Apr 9 #11
It's past time for the Hannibal Lecter treatment. chowder66 Apr 9 #17
The Wild Bill treatment would be better jmowreader Apr 10 #29
Well hell...what would Markets do if it was announced that $4.5 TRILLION $$ Bengus81 Apr 9 #9
MARKET MANIPULATION Owens Apr 9 #10
Republicans, the Party of Organized Crime. OAITW r.2.0 Apr 9 #12
I have called for the RNC/GOP to be RICO'd for 20 years now... IthinkThereforeIAM Apr 10 #26
More likely market manipulation than any tariff policy IronLionZion Apr 9 #13
Trump family is all doing insider trading on this / nt Old Testament Libera Apr 10 #25
Waiting for Himself to say he made the stock market go up N/T tonekat Apr 9 #15
Hahaha... I seen that coming... IthinkThereforeIAM Apr 10 #27
Also, should note that 2008, the year quoted, was a particularly bad year wolfie001 Apr 9 #20
Trump's trying actually just taxing us by calling it a tariff so he can get the tax breaks for the wealthy. cstanleytech Apr 9 #22
Nice, good news for a change! Polybius Apr 9 #23
S&P 500 has best day since 2008... Old Testament Libera Apr 10 #24
It's not reporting, it's cheerleading. SharonClark Apr 10 #28
Great. Now his KKKultists will be crowing about this forever. Orrex Apr 10 #30
he'll say it's because of tariffs 4catsmom Apr 10 #32
It was because of his tariff announcement iemanja Apr 10 #33

wolfie001

(4,691 posts)
1. This is embarrassing and the complete opposite of what he's been espousing
Wed Apr 9, 2025, 05:02 PM
Apr 9

Always lying, always conning. Repulsive pig.

Torchlight

(4,548 posts)
2. Only 6000 points below its November benchmark.
Wed Apr 9, 2025, 05:03 PM
Apr 9

At this rate, he'll have the economy back to where he found it by the time his administration is over.

Bernardo de La Paz

(54,819 posts)
19. He will be lucky if it ever comes back near those levels while he is in office (early exit very possible). . nt
Wed Apr 9, 2025, 09:03 PM
Apr 9

Meowmee

(8,702 posts)
31. Most are not pointing out that important fact
Thu Apr 10, 2025, 08:31 AM
Apr 10

And what happens in 90 days when the tariffs start again?

progree

(11,834 posts)
3. S&P 500 closed Wednesday 4/09 at 5457, up 9.5% for the day, down 5.6% since election day, down 11.2% from ATH
Wed Apr 9, 2025, 05:14 PM
Apr 9

ATH is all-time high.

The S&P 500 closed Wednesday April 9 at 5457, up 9.5% for the day,

and down 5.6% from the 5783 election day closing level,

and down 9.0% from the inauguration-eve level,

and down 7.2% year-to-date,

and down 11.2% from its all-time closing high of 6144 on Feb 19. (we were 18.9% down at Tuesday's close, nearing a bear market which is 20% down. But 11.2% down is quite aways from that threshold)

Just so people understand that the "tRump trade" is still plenty underwater.

More on this at https://www.democraticunderground.com/111699775
which is a post I update daily in the Economy Group
It also has the Dow's closing levels each day and the day before and the change
plus a graph of the Dow - but the graph takes about 6 hours after the close to update (so wait til 10pm ET)
or for a "right now" look, go to https://finance.yahoo.com/quote/%5EDJI/
and perhaps click on "1M" above the graph for the craziness over the last month.

Bengus81

(8,709 posts)
4. Oh my...so NOW all those Countries get to "take advantage of us" for
Wed Apr 9, 2025, 05:25 PM
Apr 9

another 90 days Trump?? Hell...I thought this was a crisis moment and they have to PAY and start PAYING today. Now...because of Billionaires BITCHING it's OK to start them three months later.

PSPS

(14,485 posts)
8. Gee, ya think?
Wed Apr 9, 2025, 05:48 PM
Apr 9

The republicans and, of course, the trump spawn, all knew in advance this was coming. They all bought positions yesterday, which is where yesterday's modest rise in the averages came from. Then, today, ka-ching! They've all made millions of dollars! Insider trading plus pump-and-dump! Worthy of a scene in "Trading Places!"

And, to keep the scam going, republicans are blocking any attempt to take back their constitutionally-assigned tariff power.

Shermann

(8,914 posts)
14. Very easy to get away with
Wed Apr 9, 2025, 06:48 PM
Apr 9

You could throw darts at a dartboard to pick any stocks as long as you bought and sold at the right times. Very hard to prove!

mdbl

(6,269 posts)
18. Is there an SEC anymore to investigate?
Wed Apr 9, 2025, 09:01 PM
Apr 9

Or has he made some crook he pardoned head of that agency?

LudwigPastorius

(12,254 posts)
21. Funny you should mention that.
Wed Apr 9, 2025, 10:20 PM
Apr 9

The Senate confirmed Trump's pick Paul S. Atkins as head of the SEC today.

Among other things, he was in office as an SEC commissioner leading up to the 2008 financial collapse.

He is expected to loosen regulations and slow-walk investigations. He also has about $6 million invested in cryptocurrency service companies.

So, yeah. Massive conflict of interest there.

OverBurn

(1,190 posts)
7. My stocks recovered a ton today, not completely. They need to "disarm" this fucking idiot, before he opens his
Wed Apr 9, 2025, 05:42 PM
Apr 9

mouth again. The mad tariff king must go. I can't be taking money in and out, I don't really know what to do. I pretty much got to let it ride and hope this passes before he bankrupts the country.

Bengus81

(8,709 posts)
9. Well hell...what would Markets do if it was announced that $4.5 TRILLION $$
Wed Apr 9, 2025, 05:49 PM
Apr 9

in tax cuts for the rich has been taken off the budget??

Owens

(502 posts)
10. MARKET MANIPULATION
Wed Apr 9, 2025, 05:56 PM
Apr 9

The oligarchs, Republicans and Trump are manipulating the markets, too bad we don't have SEC anymore!

OAITW r.2.0

(30,041 posts)
12. Republicans, the Party of Organized Crime.
Wed Apr 9, 2025, 06:07 PM
Apr 9

They are responsible for letting Trump skate on 2 deserved impeachments, then letting him run again in 2024. If Americans care about their future...and the future of their kids and grandkids, they really need to voter these fuckers out of office,

IthinkThereforeIAM

(3,174 posts)
26. I have called for the RNC/GOP to be RICO'd for 20 years now...
Thu Apr 10, 2025, 12:08 AM
Apr 10

... remember when Bill Frist was Senate Majority leader 2003-2007? He had his stock broker set up his spread on Frist's dining room table, so Bill could call home with plausible deniability, to tip his broker to the latest insider info from Congress...

IronLionZion

(48,556 posts)
13. More likely market manipulation than any tariff policy
Wed Apr 9, 2025, 06:15 PM
Apr 9

since Trump insiders know when he's going to announce outrageous nonsense and how the market will react.

IthinkThereforeIAM

(3,174 posts)
27. Hahaha... I seen that coming...
Thu Apr 10, 2025, 12:10 AM
Apr 10

... the RNC/GOP/Trump making it fall so they then point to "see? we made it bounce back faster than you ever seen"!

wolfie001

(4,691 posts)
20. Also, should note that 2008, the year quoted, was a particularly bad year
Wed Apr 9, 2025, 09:34 PM
Apr 9

Headlines are doing the ole "donnie dump is really stable and sane" shuffle dance.

cstanleytech

(27,547 posts)
22. Trump's trying actually just taxing us by calling it a tariff so he can get the tax breaks for the wealthy.
Wed Apr 9, 2025, 10:32 PM
Apr 9

Polybius

(19,802 posts)
23. Nice, good news for a change!
Wed Apr 9, 2025, 10:54 PM
Apr 9

Hopefully, the trend continues tomorrow. I need to recover from the recent losses

24. S&P 500 has best day since 2008...
Thu Apr 10, 2025, 12:06 AM
Apr 10

...if you totally ignore what happened on the three previous days.

This is pretty lame reporting.

The 10-year Treasury news is not good, it means our national debt is more difficult to service. Chinese and Europeans are bailing out on T-bills. Not good news. They will use this as an excuse to whack Social Security.

SharonClark

(10,460 posts)
28. It's not reporting, it's cheerleading.
Thu Apr 10, 2025, 12:55 AM
Apr 10

Yeah, the stock market had the greatest day since 2008 just a day after it had the worst day in decades. This uncertainty is no cause for Yahoo finance to be so giddy.

iemanja

(55,852 posts)
33. It was because of his tariff announcement
Thu Apr 10, 2025, 05:53 PM
Apr 10

But only had a temporary effect since the market is significantly down today.

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