{"id":49155,"date":"2025-04-04T21:01:42","date_gmt":"2025-04-04T21:01:42","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025\/49155\/"},"modified":"2025-04-04T21:01:42","modified_gmt":"2025-04-04T21:01:42","slug":"market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025\/49155\/","title":{"rendered":"Market Recap: Stocks Plunge as Trump Tariffs Trigger Global Sell-Off &#8211; April 4, 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025\/49155\/#Major_Indexes_Continue_Steep_Decline_Following_Tariff_Announcement\" >Major Indexes Continue Steep Decline Following Tariff Announcement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025\/49155\/#Trumps_%E2%80%9CReciprocal_Tariffs%E2%80%9D_Spark_Global_Market_Chaos\" >Trump&#8217;s &#8220;Reciprocal Tariffs&#8221; Spark Global Market Chaos<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025\/49155\/#Tech_Stocks_Bear_the_Brunt_of_Selling_Pressure\" >Tech Stocks Bear the Brunt of Selling Pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025\/49155\/#Some_Bright_Spots_Amid_Market_Turbulence\" >Some Bright Spots Amid Market Turbulence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025\/49155\/#Upcoming_Earnings_and_Economic_Events\" >Upcoming Earnings and Economic Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-plunge-as-trump-tariffs-trigger-global-sell-off-april-4-2025\/49155\/#Market_Outlook_and_Investor_Concerns\" >Market Outlook and Investor Concerns<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Continue_Steep_Decline_Following_Tariff_Announcement\"><\/span>Major Indexes Continue Steep Decline Following Tariff Announcement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stock markets extended their dramatic sell-off on Friday, April 4, 2025, as investors continued to react to President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s sweeping new tariff plan announced earlier this week. The market turmoil, which began Thursday with the worst trading day since 2020, showed little sign of abating as global markets reeled from fears of an escalating trade war and potential recession.<\/p>\n<p>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> fell 2.81% in futures trading, pointing to further losses after Thursday&#8217;s 4.8% plunge that brought the index to 5,396.52.<cscitation citation_id=\"task_1__2\"><\/cscitation> The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average futures dropped 2.78%, suggesting additional declines following Thursday&#8217;s massive 1,679-point (4%) tumble to 40,545.93.<cscitation citation_id=\"task_1__2\"><\/cscitation> Meanwhile, the tech-heavy Nasdaq Composite futures were down 2.96%, extending the previous day&#8217;s 6% loss that brought the index to 16,550.61.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_%E2%80%9CReciprocal_Tariffs%E2%80%9D_Spark_Global_Market_Chaos\"><\/span>Trump&#8217;s &#8220;Reciprocal Tariffs&#8221; Spark Global Market Chaos<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market turmoil stems from President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s Wednesday announcement of sweeping global tariffs, starting from a minimum base rate of 10% and rising significantly for many countries. The tariffs are calculated based on each country&#8217;s trade surplus with the U.S., with China facing a particularly steep 34% tariff.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Global markets have responded with similar declines. The Stoxx Europe 600 index fell more than 2%, while Japan&#8217;s Nikkei and Hong Kong&#8217;s Hang Seng closed down 2.8% and 1.5%, respectively. Adding to market concerns, China announced it would impose 34% retaliatory tariffs on U.S. imports starting April 10.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Stocks_Bear_the_Brunt_of_Selling_Pressure\"><\/span>Tech Stocks Bear the Brunt of Selling Pressure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Technology companies, particularly those with significant international exposure, have been hit especially hard by the tariff news. NVIDIA (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) shares dropped 7.81% to $101.80, continuing their decline from Thursday&#8217;s session.<cscitation citation_id=\"task_1__3\"><\/cscitation> Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) fell 5.47% to $267.28, while Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) continued its worst trading performance in five years.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>Bank of America analyst Wamsi Mohan cut his price target on Apple from $265 to $250, warning that all Apple products could be subject to tariffs. This could potentially reduce the company&#8217;s profits by $20 billion, shrink gross margins by 5 percentage points, and result in an estimated earnings hit of $1.24 per share in 2026.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Other tech giants facing pressure include Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>) and Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>), with analysts at Oppenheimer estimating that tariffs and resulting economic weakness could impact 16% of Meta&#8217;s revenue and 15% of Alphabet&#8217;s.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Some_Bright_Spots_Amid_Market_Turbulence\"><\/span>Some Bright Spots Amid Market Turbulence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the broad market decline, a few stocks managed to post gains. The Goodyear Tire &#038; Rubber Company (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GT\">GT<\/a>) led gainers with an 11.73% increase to $10.19, while Lamb Weston Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LW\">LW<\/a>) rose 10.01% to $59.57.<cscitation citation_id=\"task_1__3\"><\/cscitation> McDonald&#8217;s Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MCD\">MCD<\/a>) also bucked the trend, gaining 2.15% to $318.27, and Intel Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INTC\">INTC<\/a>) edged up 2.05% to $22.43.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Earnings_and_Economic_Events\"><\/span>Upcoming Earnings and Economic Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As markets navigate this volatile period, investors are looking ahead to upcoming earnings reports that could provide insight into corporate health amid growing economic concerns. The Cigna Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CI\">CI<\/a>) announced it will release its first quarter 2025 financial results on Friday, May 2, 2025, with a conference call scheduled for 8:30 a.m. ET that day.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>Several companies reported earnings on Thursday, April 3, including ConAgra Brands (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CAG\">CAG<\/a>), Acuity Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AYI\">AYI<\/a>), Lamb Weston Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LW\">LW<\/a>), MSC Industrial Direct Company (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSM\">MSM<\/a>), and Lindsay Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LNN\">LNN<\/a>).<cscitation citation_id=\"task_2__2\"><\/cscitation> Lamb Weston&#8217;s strong earnings report likely contributed to its position as one of the day&#8217;s <a href=\"https:\/\/stockmarketwatch.com\/markets\/topstocks\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Top Stocks\">top gainers<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook_and_Investor_Concerns\"><\/span>Market Outlook and Investor Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s steep decline reflects growing investor concerns about the potential economic impact of Trump&#8217;s tariff policy. Many economists have questioned the validity of Trump&#8217;s tariff calculations and warned about the potential for inflation, supply chain disruptions, and retaliatory measures from trading partners.<\/p>\n<p>With China already announcing reciprocal tariffs and other nations likely to follow suit, investors fear an escalating trade war that could derail global economic growth. The Russell 2000 index of smaller companies, which fell 6.6% on Thursday to 1,910.55, is now down 14.3% for the year, highlighting concerns about the broader economic impact beyond large-cap stocks.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p><b>As markets close out a tumultuous week, investors will be closely monitoring developments in trade policy, corporate earnings, and economic indicators for signs of whether this correction will deepen into a more prolonged downturn or stabilize in the coming sessions.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Continue Steep Decline Following Tariff Announcement U.S. stock markets extended their dramatic sell-off on Friday, April 4, 2025, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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