The month that shook the markets
CNN
April has been one of the wildest months in recent memory for markets.
April has been one of the wildest months in recent memory for markets. The Dow is on a six-day winning streak, its longest continuous rally since July. Yet the blue-chip index is on track to finish down 3.5% on the month because the stock market has been recovering from a steep slump caused by President Donald Trump’s tariffs. The S&P 500 dropped more than 11% in the first eight days of the month as Trump on April 2 unveiled his “reciprocal” tariffs. After turmoil in the bond market and Trump’s 90-day pause on most tariffs, the benchmark index has since steadily regained ground and is on track to end the month down just 1%. The Dow was down 640 points, or 1.58%, Wednesday morning. The S&P 500 fell 2% and the tech-heavy Nasdaq Composite slid 2.6%. Trump on Wednesday posted on social media, “This is Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th.” “Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers,” Trump wrote. “Our Country will boom, but we have to get rid of the Biden ‘Overhang.’ This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!”
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