U.S. stock markets opened sharply lower on April 7, 2025, continuing the steep sell-off that began the previous week with President Donald Trump announcing reciprocal tariffs.

The SPDR S&P 500 ETF Trust (SPY) dropped to $505.28, a decline of 5.75%, while the SPDR Dow Jones Industrial Average ETF (DIA) fell 5.42% to $383.22.

The Invesco QQQ Trust Series 1 (QQQ), tracking major tech stocks, plunged 6.09% to $422.67.

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— BitcoinVersus.tech (@bitcoinversus.bsky.social) 2025-01-17T18:23:17.472Z

The declines were triggered by President Donald Trump’s recent tariff policy, which includes a 34% levy on Chinese imports, intensifying global trade tensions. Market analysts continue to warn of recessionary pressures as investor confidence weakens and volatility spikes.

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— BitcoinVersus.tech (@bitcoinversus.bsky.social) 2025-01-17T18:23:17.472Z

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