Quote: The Dow, after rising nearly 3,000 points Wednesday, fell more than 1,000 points, or 2.68%, Thursday morning. The S&P 500 fell 3.2% and the Nasdaq Composite slid 3.8%. The S&P 500 is coming off its best day since 2008, and the Nasdaq on Wednesday posted its second-best daily gains in history.
Goldman Sachs said Wednesday after Trump’s partial detente that recession chances in the United States were still a coin flip. JPMorgan Wednesday evening said the bank would not alter its recession forecasts, still seeing a 60% chance of a US and global recession even after Trump’s “positive” decision to unwind his “draconian” country-specific tariffs.
https://www.cnn.com/2025/04/10/investing...index.html
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