Wall Street loses ground after sharp rally on Trump tariff reversal

Quick Summary:

Wall Street's main indexes fell on Thursday (Apr 10), coming off a blistering rally following US President Donald Trump's move to temporarily lower the heavy tariffs on dozens of countries.

"We remain circumspect regarding the current inflation data, as these figures are reflective of a period prior to the implementation of recent tariffs," said Dan Siluk, portfolio manager at Janus Henderson.

The CBOE Volatility Index - seen as Wall Street's "fear gauge" - fell from its August highs, but was last up at 36.17 points.

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Category: EconomyBusiness

Markets: Singapore

Topics: Tariffs Last Wall Fell Trump Data 2025 Cent Nasdaq Points

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 22:12:45 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27774152

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 42 minutes ago

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