The US Stock Market is priced for perfection, so it doesn’t take much to trigger selling: Trump’s NEW China tariff threat
Posted By RichC on October 10, 2025
As the long Columbus Day weekend approached, a little tariff news from President Trump was enough to trigger a day of selling on Wall Street.
If I were a bit more willing to take a risks … and if it were not October after a strong stock market uptrend this summer … it might be a good time to “trade” this kind of move. Who knows?
Stocks settled decidedly lower after a rapid decline on Friday following President Donald Trump’s threat of higher tariffs on China, in which he accused the country of “becoming very hostile” with its restrictions on rare earth metals, a key resource for the tech and defense industries.
Stocks accelerated selling into the close, with the Down Jones Industrial Average closing down 878.82 points, or 1.9% at 45,479.60. The S&P500 lost 2.71% to settle at 6,552.51, while the Nasdaq Composite fell 3.56% to 22,204.43. The broad-based index’s decline was the largest since April 10. Prior to Trump’s comments, stocks were sizably higher, with the Nasdaq hitting a new all-time intraday high.
More at CNBC
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