2025-04-11
14 分钟U.S. stocks fell sharply as investors reckoned with an uncertain economic outlook.
Plus, how President Trump's tariffs threaten a major U.S. export, services.
This could impact the service exports by just damaging the American brand.
And you're seeing this around the world.
There's all these people that are now basically souring on American companies
because they feel the U.S. is being hostile at attacking their country through this trade war.
And the House has narrowly passed the budget blueprint for Trump's one big beautiful bill.
But that may have been the easy part.
It's Thursday, April 10th.
I'm Alex Osela for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
If yesterday's stock market rally was a party, today investors were feeling the hangover.
U.S. stocks declined sharply as investors sorted through a global economic outlook that remains uncertain despite drastic improvements over the past 24 hours.
A softer than expected inflation report today did little to console investors.
The market declines accelerated after the White House said the tariffs the U.S. now imposes on China added up to 145 percent,
not the 125 percent it previously indicated.
Stocks then paired those losses in afternoon trading.
Bank stocks and tech shares were hit hard, retracing some of yesterday's epic gains.
And Wall Street's fear gauge, the Cebo Volatility Index, was rising, though far below levels of earlier this week.
The three major U.S. indexes fell sharply today.