Daily Finance Pulse USA – 13 October 2025
US markets plunged on October 10, 2025, with the S&P 500 tumbling 2.7% to 6,552.51, Nasdaq down 3.6% to 22,204.43, and Dow falling 1.9% to 45,479.60, as President Trump's threat of 100% tariffs on China and export controls ignited trade war fears, erasing $2 trillion in market value. Weekly losses exceeded 2% across indices amid heightened global tensions. Oil slipped below $66, gold rose to $3,980, Bitcoin crashed to $104,782 in historic $19B liquidation. US exchanges are open for regular trading. Sentiment is bearish, with trade risks overshadowing earnings and CPI relief.
1/11
S&P 500 Plunges 2.7% to 6,552 on Tariff Shock
October 10, 2025 · S&P 500 dropped 182.60 points to 6,552.51, worst day since April; broad sell-off after Trump's 100% China tariff threat.
Impact: Trade war revival hits cyclicals; support at 6,400, rebound needs de-escalation.
2/11
Nasdaq Tumbles 3.6% to 22,204 on Tech Rout
October 10, 2025 · Nasdaq Composite sank 820.20 points to 22,204.43; semis like AMD down 5-7% on supply chain fears.
Impact: Tech-heavy index leads losses; AI, chip stocks vulnerable to China curbs.
3/11
Dow Falls 1.9% to 45,479 Amid Trade Fears
October 10, 2025 · Dow Jones declined 878.82 points to 45,479.60; industrials, materials worst hit by tariff escalation.
Impact: Weekly loss 2.7%; defensives may cushion if tensions persist.
4/11
Trump Threatens 100% Tariffs on China, Cancels Xi Meet
October 10, 2025 · Trump announces 100% tariffs on Chinese imports from Nov 1, export controls; responds to rare earth curbs, port fees.
Impact: Trade war 2.0 risks global growth; China vows retaliation, markets brace.
5/11
China Vows Countermeasures to US Tariff Threats
October 12, 2025 · Beijing slams Trump's moves, defends rare earth export controls; urges negotiations over escalation.
Impact: Tit-for-tat could hit US exporters; EM volatility rises, safe-havens gain.
6/11
September CPI at 2.4% YoY Overshadowed by Trade News
October 10, 2025 · CPI +0.2% MoM, YoY 2.4%; core +0.3%, supports Fed easing but tariff fears dominate.
Impact: Inflation relief intact; cuts odds 98%, but trade war may stoke prices.
7/11
Bank Earnings Mixed Amid Volatility
October 10, 2025 · JPM, Citi beat on fees; but trade tensions pressure loan growth, shares down 1-2%.
Impact: Financials resilient short-term; watch for impact on global deals.
8/11
Apple, Tesla Slide on China Exposure
October 10, 2025 · Apple down 2.2%, Tesla 2% on tariff risks to supply chains, iPhone sales in China.
Impact: Consumer tech hit; diversification urgent as tensions rise.
9/11
USD Dives to 100.50 on Risk-Off Flows
October 13, 2025 · DXY down 1.2% to 100.50; safe-haven yen surges to 147/USD amid trade fears.
Impact: Dollar weakness aids EM; forex volatility spikes, watch retaliation.
10/11
Oil Slumps to $65.50 on Growth Worries
October 13, 2025 · WTI down 1.5% to $65.50; trade war escalation clouds demand outlook.
Impact: Energy sector drags; below $65 pressures OMCs, supports consumers.
11/11
Bitcoin Crashes 8.4% to $104,782 in Historic Sell-Off
October 10, 2025 · Bitcoin plunges to $104,782, erasing $19B in value; biggest liquidation event amid Trump tariffs, China responds with BTC sales.
Impact: Crypto mirrors equities rout; below $100K risks bull cycle end, watch for relief rally.