US stocks dip after careening through a manic day

following Trump’s latest tariff threat

By America-Today Apri 8，2025

NEW YORK (A-T) — U.S. stocks careened through a manic Monday after President

Donald Trump threatened to crank his tariffs higher, despite a stunning display

showing how dearly Wall Street wants him to do the opposite.

The S&P 500 slipped 0.2% at the end of a day full of heart-racing reversals as

battered financial markets try to figure out what Trump’s ultimate goal is for his

trade war. If it’s to get other countries to agree to trade deals, he could lower his

tariffs and avoid a possible recession. But if it’s to remake the economy and stick

with tariffs for the long haul, stock prices may need to fall further.

The Dow Jones Industrial Average fell 349 points, or 0.9%, and the Nasdaq

composite edged up by 0.1%.

All three indexes started the day sharply lower, and the Dow plunged as many as

1,700 points following even worse losses elsewhere in the world. But it suddenly

surged to a gain of nearly 900 points in the late morning. The S&P 500, meanwhile,

went from a loss of 4.7% to a leap of 3.4%, which would have been its biggest jump in

years.