U.S. stocks experienced one of their strongest days ever, fueled by a surge of optimism on Wall Street after President Donald Trump announced a temporary retreat from most of his planned tariffs—just the kind of news investors had been eagerly anticipating. The S&P 500 jumped 9.5% on Wednesday, a gain that would typically represent a…
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…
Hit by fears of a deeper trade war and its economic fallout, as well as a potential US government shutdown by the weekend, major Wall Street indices- the S&P 500 and the Nasdaq- crashed up to 2 per cent on Thursday, March 13. Optimism over cooler-than-expected US Consumer Price Index (CPI) data, which lifted the…
Last Updated:March 12, 2025, 08:30 IST Trump’s tariffs, including reciprocal tariffs worldwide and a more intense trade war with Mexico, Canada, and China, are a pivotal factor for rekindling fears of a recession It is expected that higher tariffs and a trade war would lead to higher inflation in the US. (AP Photo) The Wall…
The S&P 500 and the Nasdaq slipped on Thursday after ending the previous session on a positive note, while investors assessed some of the last economic datasets ahead of the Federal Reserve’s meeting. The Nasdaq soared past the 20,000 mark for the first time on Wednesday as the technology rally showed no signs of a…