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Monday, 7 April 2025

US stocks tumble for a third day

07:46

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Plus: Need a catch-up on tariff news? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Apr 7 2025

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning! This is Betty Lin-Fisher with Monday's The Daily Money.

As we write, U.S. stocks have been fluctuating, flipping abruptly positive and then returning to negative territory. This is after opening sharply lower for the third straight day after President Donald Trump and his administration doubled down on his aggressive tariff plan, reports my colleague Medora Lee.

Stocks are extending last week's losses from worries that the president has ignited a trade war that will lead to higher prices and recession.

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Traders work on the floor of the New York Stock Exchange during morning trading on April 3, 2025 in New York City. Markets slid for a third day on Monday, April 7, 2025.

Michael M. Santiago, Getty Images

What's the latest on tariffs? We've got you

Having trouble keeping up with what tariffs are in place and the latest on tariffs? Yeah, me too.

Here's two stories that can help you:

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Looking to get away? The weeks between spring break and summer can feel like a lull to many travelers, but it's one of the best times to go on that big international trip, my colleague Kathleen Wong reports. "Spring shoulder season," arriving in April and May, brings lower travel prices and fewer crowds.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on February 28, 2025. (Photo by CHARLY TRIBALLEAU / AFP) (Photo by CHARLY TRIBALLEAU/AFP via Getty Images)

U.S. stocks continued to struggle Monday after President Donald Trump and those in his administration doubled down on his aggressive tariff plan.

U.S. President Donald Trump delivers remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.
 

Trump tariff fallout: What happened and what's coming next

Trump's tariffs sparked a market plunge, leading investors to fear worse and lobby for relief. Here's what you need to know about the fallout.

President Donald Trump signs an executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025.
 

5 takeaways from Trump's massive tariffs that could escalate trade war

President Trump imposed sweeping tariffs Wednesday on all U.S. trading partners, plowing ahead on a risky economic strategy. Here are five takeaways.

American Airlines and Delta Air Lines regional jets at Fayetteville Regional Airport on Tuesday, May 7, 2024.
 

Think you're flying Delta, United? You might be on a different airline

Regional airlines are a major, but sometimes hidden, part of the aviation system in the U.S. Here's how they operate with major carriers.

Market data is displayed on a screen inside the Nasdaq market site at Times Square in New York City, U.S., April 4, 2025.
 

Protecting your 401(k): Essential steps for a stock market downturn

Investors are wondering what to do with their 401(k) accounts as the stock market makes steep declines. Should you stop contributing or withdraw it?

WASHINGTON, DC - FEBRUARY 20: The Internal Revenue Service (IRS) Building is seen on February 20, 2025 in Washington, DC. The Internal Revenue Service will begin laying off roughly 6,000 employees in the middle of tax season as the Trump administration pushes to downsize the federal workforce through the Department of Government Efficiency (DOGE). (Photo by Tasos Katopodis/Getty Images)
 

Newly single? How it will affect your tax return

A divorce, separation, or death of a spouse will affect your tax return. Experts have advice to help you stay on top of it.

U.S. President Donald Trump holds a "Foreign Trade Barriers" document as he delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.
 

'We knew there would be uncertainty': Trump officials address stock market hit

Some of Donald Trump's top officials were pressed on the stock market's hits since the president unveiled wide-reaching tariffs.

President Donald Trump signing a document while seated at a desk bearing the presidential seal.
 

What retirees need to know about Trump's Social Security changes

In June 2024, President Donald Trump told supporters at a campaign rally, "As president, I will not cut one penny from Social Security or Medicare."

Flowers bloom near the Eiffel Tower on a sunny spring day in Paris, France, March 27, 2025. REUTERS/Abdul Saboor
 

Get ahead of the summer crowds at these 10 destinations

Spring shoulder season means fewer crowds and cheaper prices. Here are 10 destinations with cheap airfare.

USA TODAY
 

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