China Markets Up, Europe Tumbles As Trade War Escalates; Oil Hits Multi-Year Low - Global Markets Today While US Slept
Benzinga (Wed, 09-Apr 7:13 AM)
On Tuesday, April 8th, U.S. markets closed sharply lower as the S&P 500 plunged below 5,000 for the first time in nearly a year, capping a four-day loss of $5.83 trillion—the steepest since the index’s inception in the 1950s. Early gains evaporated as hopes for delayed U.S. tariffs faded, and looming 104% duties on Chinese goods fueled mounting fears of a global economic downturn.
In economic data, the NFIB Small Business Optimism Index fell by 3.3 points to 97.4 in March, marking its lowest level since October 2024 and missing expectations of 101.3.
All sectors within the S&P 500 ended Tuesday in the red, with consumer discretionary, materials, and energy stocks leading the day’s declines.
The Dow Jones Industrial Average declined 0.84% to 37,645.59, the S&P 500 dropped 1.57% to 4,982.77, and the Nasdaq Composite fell 2.15% to close at 15,267.91.
Asia Markets Today
- On Wednesday, Japan’s Nikkei 225 closed 3.78% lower at 31,764.00, led by losses in ...
