Old Mo's News:
On April 10, according to statistics from Jinshi Data, the Dow Jones Industrial Average initially closed up nearly 3,000 points, an increase of 7.87%, marking the largest gain in history. The S&P 500 index closed up 9.52%, setting the largest single-day gain since 2008. The Nasdaq Composite Index closed up 12.16%, marking the largest gain since January 2001. However, historically, several record-breaking surges have occurred during bear market crises, known as 'dead cat bounces', including:
After 'Black Monday' in October 1987 — the Nasdaq fell by 27% on 'Black Monday' in October 1987, but rebounded about 10.4% two days later.
During the burst of the dot-com bubble in 2000 — while the Nasdaq faced significant declines during this period, it also experienced several rebounds, such as a 7.8% bounce on April 18, 2000.
During the 2008-2009 financial crisis — the Nasdaq experienced severe volatility during this time, rebounding 11.81% on October 13, 2008, after government intervention.
In the 'bear market year' of 2022 — after a continuous decline in the first three quarters, the Nasdaq rebounded 7.35% on November 10, due to U.S. CPI data being lower than expected and market expectations that inflation had peaked.
During the Trump tariff era — after Trump's tariff policy took effect, the Nasdaq dropped a cumulative 13% over four trading days; early this morning, Trump suddenly announced a 90-day suspension of reciprocal tariffs, leading to a significant rebound in U.S. stocks, with the Nasdaq closing up 12%.
This time, the market turmoil in the U.S. has a significant difference; many investors indicate that this market turmoil could have been easily avoided, and that the situation could reverse as long as Trump changes his decision. However, companies still face uncertain outlooks. Many companies may need to pause plans and clarify the extent to which existing and anticipated tariffs will impact costs and damage revenues, as well as the actions necessary to solidify their supply chains.