Stock market today: Dow sinks 300 points, S&P 500 nears bear market as Trump's tariffs keep roiling Wall Street

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  Stocks merchantability off, reversing earlier rally, arsenic Trump reciprocal tariffs loom

  US stocks sold disconnected connected Tuesday aft the White House said it plans to determination guardant with a menace to adhd a 50% tariff connected Chinese goods, bringing the wide tariff complaint connected China to 104%. That tariff complaint volition spell into effect astatine 12:01 a.m. ET.

  The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each reversed gains of implicit 4% to autumn astir 1.8% and 2.2%, respectively. The Dow Jones Industrial Average (^DJI) slid 1%, falling astir 300 points. Earlier successful the session, the scale had added implicit 1,300 points.

  According to information compiled by Yahoo Finance, 3 consecutive days of elevated volatility of astir 6% oregon much person lone happened 3 different times successful history: the 1987 marketplace crash, the 2008 fiscal crisis, and the lows of the pandemic.

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  Investors grapple with enslaved chaos arsenic semipermanent Treasury yields soar

  It's been 1 of the astir chaotic stretches for US markets successful caller memory. And the monolithic surge successful semipermanent Treasury yields has served arsenic yet different illustration of the bizarre trading enactment successful the aftermath of Trump's tariff-fueled "Liberation Day."

  The 10-year output (^TNX) jumped 17 ground points to footwear disconnected the week, a monolithic 34 ground constituent plaything from a debased of 3.87% to a precocious of 4.21%. The output extended those gains connected Tuesday, climbing arsenic overmuch arsenic 10 ground points to hover astatine astir 4.25%.

  Similarly, the 30-year output (^TYX) jumped different 12 ground points Tuesday aft seeing its biggest determination to the upside since March 2020. As of precocious afternoon, the 30-year output traded astatine 4.72%.

  Based connected intraday datasets, which day backmost to 1998, marketplace seasoned Jim Bianco said "instances erstwhile the 10-year was down astatine slightest 12 ground points intraday and closed higher by astatine slightest 12 ground points that aforesaid day" person lone happened 3 times, including Monday.

  "There are excessively fewer examples to discern marketplace direction," helium added successful a station connected X. "Rather, it tells america the enslaved marketplace thinks contiguous was an highly important day. How? For now, we tin lone speculate."

  Strategists person laid retired aggregate theories. They scope from investors seeking much liquidity wrong a volatile marketplace to enslaved traders possibly feeling much assured that the US system tin debar a recession.

  "The enslaved market's been telling america it hasn't been panicking. It's been telling america that possibly we're not successful a recession yet, and we whitethorn not spell into one," Nancy Tengler, main concern serviceman astatine Laffer Tengler Investments, told Yahoo Finance connected Tuesday. "Given that arsenic a backdrop, I bash deliberation the sound volition continue."

  Read much here.

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  Oil erases gains, slips 2% arsenic White House confirms higher tariffs connected imports from China

  Oil dropped much than 2.5% connected Tuesday, erasing gains of much than 1%, aft the White House confirmed that President Trump further tariffs connected China, mounting the full complaint connected Chinese imports astatine 104%.

  Brent (BZ=F) dropped to settee astatine $62.82 per barrel, portion WTI (CL=F) settled astatine $59.58, its lowest adjacent since 2021.

  Oil has slipped much than 15% since Trump announced retaliatory tariffs against China, the biggest crude importer, and different countries connected April 2.

  Last week, successful effect to US levies, Beijing announced 34% tariffs connected US-made goods. On Monday, Trump threatened to enforce an further 50% tariff connected imports from China unless Beijing removed their levies.

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  Apple shares driblet arsenic White House confirms tariff summation connected China

  Yahoo Finance's Dan Howley reports:

  Read much here.

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  Stocks suffer steam arsenic White House confirms 104% tariffs connected China

  US stocks mislaid steam to deed league lows arsenic the White House confirmed the US is moving guardant with 104% tariffs connected China opening astatine 12:01 AM ET.

  "Americans bash not request different countries arsenic overmuch arsenic different countries request us," White House property caput Karoline Leavitt told reporters during a briefing. "President Trump has a spine of alloy and helium volition not break."

  The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) were up 0.3% and 0.2%, respectively, with Nvidia (NVDA) rising conscionable implicit 2% by the day aft a 7% summation earlier successful the session. The Dow Jones Industrial Average (^DJI) popped astir 0.7%, adding astir 250 points. Earlier successful the session, the scale had added implicit 1,300 points.

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• Health security stocks soar aft authorities boosts Medicare reimbursement rates

  Health security stocks rallied connected Tuesday aft the Trump medication said it would boost reimbursement rates for Medicare Advantage plans successful 2026.

  Humana (HUM) led the gains, surging astir 11%, portion CVS Health (CVS) roseate 8%, and UnitedHealth Group (UNH) climbed 7% amid a broader rebound for stocks. All 3 stocks were among Yahoo Finance's apical trending tickers successful the afternoon.

  Reuters reports that the 5.06% mean reimbursement complaint summation is much than treble the 2.23% complaint projected by the authorities successful January. That summation could assistance nett margins successful the assemblage aft a post-COVID surge successful request for aesculapian procedures drove up costs.

  It besides indicates the Trump administration's supportive posture toward Medicare Advantage plans, Jefferies analysts told Reuters.

  Read much here.

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  Tuesday's rally reminds investors 'the FOMO ne'er goes away'

  After days of selling successful the equity marketplace that resulted successful 1 of the sharpest three-day drops for the S&P 500 (^GSPC) since World War II, stocks are successful rally mode connected Tuesday.

  All 3 of the large averages are up astir 4% oregon more, rapidly gathering connected gains aboriginal successful the session. Some of the market's precocious flyers of the past fewer years, which had precocious been crushed successful the marketplace crash, are starring the mode higher too. Nvidia (NVDA) is up astir 8%, portion Tesla (TSLA) has popped much than 6% and Meta (META) has added implicit 5%.

  "At the slightest whiff of bully news, radical travel roaring backmost successful due to the fact that that FOMO [fear of missing out] ne'er goes away," Interactive Brokers main strategist Steven Sosnick told Yahoo Finance. "It's ever there. No one, nary 1 ever wants to miss a rally."

  While the S&P 500 didn't officially participate a carnivore marketplace connected Monday, arsenic it narrowly avoided closing 20% disconnected its caller all-time high, stocks are trading similar they usually bash successful a carnivore market, oregon pursuing important pullback.

  "If you look backmost done past immoderate of the biggest short-term rallies person occurred during carnivore markets," Sosnick said. "Down markets thin to spot precise large crisp up moves due to the fact that volatility does enactment successful some directions."

• Why the VIX spike whitethorn beryllium a bullish banal marketplace indicator

• Big Tech rebounds, led by gains of Nvidia

  The brighter temper is helping thrust a comeback successful "Magnificent Seven" stocks successful aboriginal trade, led by gains of astir 8% for Nvidia (NVDA) arsenic investors regained immoderate appetite for risk.

  Big Tech has been connected a chaotic thrust aft China announced retaliatory tariffs against the US, and the EU prepared its ain acceptable of countermeasures. The radical of megacap tech stocks shed $1.8 trillion successful worth past week.

  President Trump's tariffs volition apt proceed to beryllium highly disruptive to the tech trade, Apollo main planetary economist Torsten Sløk wrote successful a enactment connected Monday morning. (Disclosure: Yahoo Finance is owned by Apollo Global Management.) In part, that's due to the fact that the manufacture of their products depends heavy connected planetary proviso chains.

  But it was a oversea of greenish connected Tuesday. Here's a look astatine however the megacap tech stocks are trading:

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  Trump: Trade prospects with South Korea 'looking good,' waiting connected China call

  Stocks opened higher crossed the committee connected Tuesday arsenic President Trump confirmed successful a station connected Truth Social that commercialized talks with South Korea are "looking good" pursuing a telephone speech betwixt Trump and acting South Korean President Han Duck-soo.

  "We person the confines and probability of a large DEAL for some countries,” Trump said. “Their apical TEAM is connected a level heading to the U.S., and things are looking good. We are likewise dealing with galore different countries, each of whom privation to marque a woody with the United States.”

  The president added the US is "likewise dealing with galore different countries, each of whom privation to marque a deal."

  According to Trump, Beijing besides "wants to marque a deal, badly, but they don't cognize however to get it started. We are waiting for their call."

  Trade discussions with China person been tense aft the state vowed to "fight to the end" connected tariffs. The improvement comes aft Trump threatened to enforce an further 50% tariff connected goods from China opening connected Wednesday if the state did not scrap its plans for retaliatory duties.

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  Just astir everyone bought the dip past week: BofA

  The S&P 500 fell implicit 10% past Thursday and Friday, 1 of the worst two-day sell-offs we've seen successful marketplace history.

  In response, US investors did what they've travel to bash champion — bargain the dip.

  Data from Bank of America published Tuesday showed the firm's clients were nett buyers of $8 cardinal worthy of banal past week, the fourth-largest play inflow successful its information going backmost to 2008.

  The steadfast noted that each 3 of its lawsuit groups — institutions, hedge funds, and backstage clients — were buyers past week. Notably, its backstage lawsuit radical (read: individuals) has been a purchaser of stocks for 17 consecutive weeks.

  This information is conscionable 1 work from 1 steadfast connected wherever wealth is flowing but isn't apt to beryllium an outlier nary substance however 1 goes astir cutting the data. The simplest reply to questions astir what investors person been doing during the tariff marketplace crash, it seems, is "buying stocks."

  The marketplace enactment Monday, successful which a header aboriginal proved to beryllium not rather afloat existent sent stocks surging successful a substance of seconds, suggests however anxious investors look to bargain the dip and spot the marketplace retrieve from the tariff-induced plunge.

  Initial information connected however investors are putting wealth to enactment during this descent confirms that.

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  Stocks rip higher arsenic imaginable commercialized deals assistance spirits

  Stocks were poised for a rebound connected Tuesday, with each 3 indexes surging astatine slightest 3% astatine the opening doorbell connected commercialized woody hopes.

  The benchmark S&P 500 (^GSPC) ripped 3.2% higher, portion the tech-heavy Nasdaq Composite (^IXIC) jumped 3.6%. The Dow Jones Industrial Average (^DJI) popped 3.4%, adding implicit 1,300 points astatine the open.

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• Trump tariffs airs important nett hazard to Walmart

  Yahoo Finance's Brian Sozzi reports:

  Read much here.

• Small concern optimism plunged successful March earlier 'Liberation Day' tariff announcement

  Yahoo Finance's Dani Romero reports:

  Read much here.

• A interruption from a historical sell-off?

  Stock futures are climbing aft President Trump appeared to unfastened the doorway to commercialized talks with immoderate nations.

  Futures tied to the S&P 500 (ES=F) roseate 1.6%, and those connected the tech-heavy Nasdaq 100 (NQ=F) moved up 1.5%. Dow Jones Industrial Average futures (YM=F) led the gains premarket, surging much than 2%.

  If these moves continue, they volition connection investors a reprieve aft 1 of the worst three-day sell-offs since World War II, Yahoo Finance information shows. Ahead of Tuesday's open, the S&P 500 (^GSPC) has fallen much than 10% successful the days since President Trump's tariff announcement.

  Read 7 different charts showing the melodramatic fallout from Trump’s 'Liberation Day' announcement here

• Levi Strauss banal rallies 10% premarket, CEO assembling tariff 'task force'

  Shares of Levi Strauss (LEVI) rallied implicit 10% successful premarket trading aft the institution reiterated its full-year outlook, which included nary interaction from tariffs. The denim shaper besides posted better-than-expected net and said request was beardown successful March.

  But connected a much confusing note, Levi's CFO Harmit Singh stated this connected tariffs: "Given that the concern is fluid and unprecedented, the impacts are uncertain. We are successful the process of script readying and determining antithetic mitigation strategies. We admit this is simply a rapidly evolving macro concern and we person to spot wherever the particulate settles to springiness you the guidance that is going to beryllium arsenic adjuvant to you arsenic possible."

  As Yahoo Finance's Brian Sozzi noted, the institution relies connected 130 facilities successful China and 50 successful Vietnam — 2 countries Trump earmarked for ample tariffs — to nutrient its assorted apparel offerings.

  Levi's CEO Michelle Gass said the institution has assembled an interior "task force" to find the tariff interaction and due responses, specified arsenic terms increases, Sozzi wrote.

  Read much here.

• Wall Street conscionable got a preview of what could halt the tariff turmoil

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  Good morning. Here's what's happening today.

• China stocks bounce backmost arsenic authorities funds travel to the rescue

  Chinese stocks staged a betterment connected Tuesday from their historical bruising successful the erstwhile league arsenic Beijing stepped successful to stem the slide.

  The Hang Seng China Enterprises Index (^HSCE) successful Hong Kong ended with a 2.3% summation successful the aftermath of its worst time since the 2008 fiscal crisis, and the Hang Seng Index (^HSI) closed 1.5% higher.

  Meanwhile, Shanghai's CSI 300 Index (000300.SS), which slid implicit 7% connected Monday, notched a emergence of 1.7%.

  Beijing's willingness to instrumentality measures aft tariff-fueled marketplace turmoil stands successful opposition to the effect successful the US. Trump and his allies person shrugged disconnected the rout, with the president saying Wall Street indispensable "take medicine".

  Bloomberg reports:

  Read much here.

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  Sudden sell-off shakes US Treasurys market

  US Treasurys continued their crisp diminution connected Tuesday arsenic investors sold bonds to screen losses successful different assets and rushed to set their expectations for important US complaint cuts, signaling imaginable accent successful fiscal markets.

  Reuters reports:

  Read much here