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US Stocks Drop After Sharp Rally
Business Standard
|April 11, 2025
Dollar also weakens against euro and yen
Major US stock indices fell on Thursday, with the Nasdaq down nearly 4 percent in early trading, after the previous session's massive relief rally on US President Donald Trump's move to temporarily lower the heavy tariffs on many countries, while the US dollar also sank. Against the Japanese yen, the dollar weakened 1.94 percent to 144.86, while the euro was up 1.73 percent against the dollar.
US Treasury prices moved higher after this week's sharp bond selloff. The stock declines came despite US data showing consumer prices unexpectedly fell in March.
This story is from the April 11, 2025 edition of Business Standard.
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