Market Rebounds After Trump Tariff Pause: Stock Market Update for April 10, 2025

Major Market Indexes Surge Following Tariff Announcement

The stock market is experiencing a significant rebound today, April 10, 2025, following President Donald Trump’s announcement of a 90-day pause on many of his recently implemented tariffs. This decision has triggered one of the largest market rallies since World War II, with major indexes showing remarkable gains.

The S&P 500 is currently trading at 5,456.90, down slightly from yesterday’s massive 9.5% surge that added 474.13 points. Despite today’s minor pullback, the index remains up 7.5% for the week, though it’s still down 7.2% year-to-date.

The Dow Jones Industrial Average is hovering around 40,608.45 after yesterday’s extraordinary gain of 2,962.86 points (7.9%). The blue-chip index has gained 6% this week but remains down 4.6% for the year.

The tech-heavy Nasdaq Composite, which jumped an impressive 12.2% yesterday to 17,124.97, is showing the strongest weekly performance with a 9.9% gain. However, it still sits 11.3% below its 2025 starting point.

Trump’s Tariff Policy Shift Drives Market Sentiment

The market’s dramatic recovery comes after President Trump announced a 90-day pause on many of his new tariffs that had sent markets into a tailspin last week. Interestingly, while easing pressure on most global trading partners, Trump simultaneously increased tariffs on Chinese imports to 125% from the previous 104% level.

This policy shift has particularly benefited technology stocks, which had been under severe pressure due to their reliance on global supply chains. The “Magnificent Seven” tech giants—Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), and Tesla (TSLA)—had collectively lost over $2.1 trillion in market value since Trump’s initial April 2 tariff announcement.

Tech Giants Lead the Recovery

The Magnificent Seven stocks are poised to regain more than $1 trillion in market value following the tariff pause announcement. Shares of these companies surged between 7.8% and 13% on Wednesday, powering the broader market rally.

Nvidia (NVDA), the AI chip giant, saw its stock jump 18.72% to $114.33. The company’s AI servers imported from Mexico are exempt from tariffs under the United States-Mexico-Canada agreement, according to Bernstein analyst Stacy Rasgon.

Tesla (TSLA) shares soared 22.69% to $272.20, recovering some of its recent losses as investors reevaluated the impact of tariffs on its global supply chain.

Apple (AAPL), which had suffered the deepest losses with $773 billion wiped from its market cap since April 2, rebounded 15.33% to $198.85. The iPhone maker is particularly vulnerable to China tariffs, with approximately 90% of its iPhones manufactured there.

Intel (INTC) was another standout performer, rising 18.75% to $21.53.

Upcoming Market Events and Earnings

Today marks a significant day for corporate earnings, with 354 companies scheduled to report their quarterly results. While many are smaller firms, investors will be closely watching for signs of how recent market volatility and tariff concerns have affected business performance.

Barry Callebaut AG is among the notable companies reporting today, with its Half Year 2025 Earnings Release expected to provide insights into how the surging cocoa prices are impacting demand in the confectionery sector.

American Rebel Holdings (AREB) will also report its Q4 2024 results after market close. The company recently announced the closing of a private placement of up to $11 million, which could provide additional funding for its operations.

Market Outlook and Investor Sentiment

Despite today’s positive momentum, market futures indicate potential volatility ahead. S&P Futures are down 1.38%, Dow Futures have declined 1.01%, and Nasdaq Futures have fallen 1.79%, suggesting investors remain cautious about the sustainability of the rally.

The commodities market is also showing mixed signals, with crude oil down 2.09% to $61.05 per barrel, while gold has risen 1.61% to $3,129.00 per ounce, indicating some investors are still seeking safe-haven assets.

Conclusion: Navigating Uncertain Waters

While the market’s dramatic rebound offers a welcome respite for investors, the underlying trade tensions and policy uncertainties continue to cast a shadow over long-term market prospects. The 90-day tariff pause provides only temporary relief, and investors will be closely monitoring developments in U.S.-China trade relations and their potential impact on global supply chains.

For now, the stock market appears to be catching its breath after a tumultuous period, but investors would be wise to remain vigilant as policy shifts and earnings reports continue to shape market sentiment in the days ahead.