US Stocks Pare Gains After Tariff Relief Rally Fades
Written by Black Hot Fire Network on April 8, 2025
(Bloomberg) -- US stocks sharply pared earlier gains after comments from a Trump administration official suggested tariffs set to go in effect on Wednesday will not be watered down.
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The S&P 500 Index rose 0.3% as of 1:15 p.m. in New York and the Nasdaq 100 advanced 0.4%. The Russell 2000 Index dropped 1.5% and the Dow Jones Industrial Average increased 0.7%. Nvidia Corp. gained 2.30%, leading the Magnificent Seven stocks higher.
