S&P 500 hits lowest close in almost a year as hopes wane for tariff concessions

April 9, 2025

The S&P 500 plummeted below 5,000 for the first time in nearly a year, triggered by investor anxieties over President Trump’s impending tariffs. A strong morning rally faded as hopes for tariff delays diminished. The benchmark index has suffered a significant market value loss since the tariff announcement.

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