EL PASO, Texas (KFOX14/CBS4) — President Trump’s recent reversal on global tariffs has led to a significant upswing in the stock market, with the Dow Jones Industrial Average climbing nearly 3,000 points. Financial advisor Ruben Guerra, founder of Guerra Registered Advisors, described the current market climate as “hysteria” and “a reaction,” rather than a fundamental…
Photo: Michael M. Santiago (Getty Images) In This Story Stocks ended down Tuesday after climbing during early trading hours. The Nasdaq fell 335 points, or 2.15%. The Dow Jones Industrial Average finished down 320 points, or 0.8%, while the S&P lost 79 points (1.6%). How Trump’s tariffs could make your iPhone cost $3,500 As of…
Trillions of dollars in value has been wiped off markets since US President Donald Trump announced his latest round of tariffs on what he called “Liberation Day” last week. And it’s not just the US where the economic shock has been felt. Markets around the world, including in Australia, have witnessed sharp declines. Using Google…
Stocks in the U.S. whipsawed as a selloff in early trade Monday abruptly reversed course and opportunistic investors hopped in to scoop up beaten down shares. The S&P 500 fell 3.5% out of the gate, but quickly erased those losses, rising 97 points, or 1.9%, to 5,171 as of 10:21 a.m. EDT. The Dow,…
Australian shares suffered their biggest one-day fall since COVID-19, as Donald Trump described the market turmoil as “medicine”. After a wipe-out on Wall Street on Friday (US time), US stock market futures pointed to further falls when American markets reopen on Monday, setting the tone for heavy selling during Australian and Asian trade. The ASX…
Global markets news: The US stock market is witnessing one of its steepest losses in recent times following President Donald Trump’s tariff salvo against countries across the globe. Trump’s reciprocal tariffs on the US’s key trading partners have stoked fears that a full-blown trade war could severely hurt global economic growth, revive inflationary pressures, erode…
Global financial markets were shaken and sparked recession fears as US President Donald Trump’s 10 per cent baseline reciprocal tariffs on countries came into effect on April 5. Dow Jones stock market index of the United States led Wall Street to log its worst day in four years, since the Covid pandemic plunge. A screen…
The United States markets are reeling from the shock of the reciprocal tariffs announced by President Trump on April 2. The markets are reportedly going through their worst crash since Covid, with Wall Street going into a free fall for the second day straight. The losses caused by the market plunge following Donald Trump’s ‘Liberation…
President Donald Trump criticized China on Friday, saying it “played it wrong” and “panicked”, after China announced retaliatory tariffs which sent U.S. stock markets tumbling.The Dow closed down 2,200 points on Friday, with the S&P dropping 6% and the Nasdaq falling 5.8%.This rapid rate decline put the stock market at risk of triggering a circuit…
Stocks in the U.S. opened sharply lower on Friday, extending a slide from the previous trading session triggered by President Trump’s announcement of sweeping new tariffs on U.S. imports earlier this week. The S&P 500 fell 144 points, or 2.5%, to 5,252 as of 9:34 a.m. EST. The Dow Jones Industrial Average tumbled 1,006 points,…