
Traders work on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)
April 7, 2025
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April 7, 2025 1:20 p.m.
Stocks end modestly lower after reeling from Trump's latest threats to escalate his tariff fight
The Dow Jones Industrial Average fell 349 points, or 0.9%, and the Nasdaq composite rose 0.1%. The Dow was earlier down as many as 1,700 points following even worse losses worldwide on worries that Trump’s tariffs could torpedo the global economy. It then surged to a gain after a rumor circulated that Trump may pause his tariffs. But the White House quickly called that fake news, and Trump then threatened to raise tariffs further on China.