China has officially fired back. On Friday, Beijing announced a 34% tariff on all U.S. imports, effective April 10, matching President Trump’s latest escalation and pushing total duties on Chinese goods entering the U.S. to over 54%. In a broader retaliatory sweep, China also added 11 American companies to its unreliable entities list and imposed…
Stocks sank on Friday as the reality of an all-out trade war following President Trump’s sweeping tariffs set in, fueling Wall Street strategists’ worst fears about how far the S&P 500 (^GSPC) could fall in 2025. Amid a $2.5 trillion wipeout in markets on Thursday, strategists had warned stock indexes could face further downside should…
US stock futures continued to retreat on Friday after President Trump’s announcement of broad reciprocal tariffs sent markets into a tailspin. Dow Jones Industrial Average futures (YM=F) pulled back roughly 0.6%, while S&P 500 futures (ES=F) dropped 0.4%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) fell 0.2%. US stocks saw their worst one-day sell off…
U.S. markets took a significant plunge on Thursday, one day after President Donald Trump announced sweeping tariffs, leading to fears of a global recession and prompting international responses.The S&P 500 had its worst day since the COVID-19 pandemic in 2020, falling 4.8%.”The tariffs the administration is imposing are much more severe than had been expected,”…
Apple (AAPL) shares fell over 7% before the bell, still leading the sell-off in tech stocks that followed Trump’s bigger-than-expected tariffs. Apple’s overseas production hubs are particularly vulnerable, given the iPhone maker’s presence in China, Vietnam, and India. These countries will face tariffs of 34%, 46%, and 26%, respectively, once additional levies are taken into…
“Liberation Day” turned out to be alarming. President Trump floored investors by announcing the largest tax hike on Americans since at least the 1940s. April 2, which Trump called “Liberation Day,” was Trump’s deadline for unveiling a sweeping set of taxes on imports that almost nobody in the investing universe saw coming. For the first…
The team at the Cato Institute weighing in on president Trump’s new tariffs — calling them a “tax”: “With today’s announcement, US tariffs will approach levels not seen since the Smoot-Hawley Tariff Act of 1930, which incited a global trade war and deepened the Great Depression. Applied at breakneck speed without congressional authorization and employing…
Homebuilder stocks edged lower on Wednesday as concerns over President Trump’s big tariff announcement raised fears that higher construction costs could slow the housing recovery. D.R. Horton, Inc. (DHI), the biggest US homebuilder, slid nearly 1% Wednesday morning, while Lennar (LEN) and PulteGroup (PHM) fell 0.7% and 0.4%, respectively. Trump is scheduled to unveil his…
Homebuilder stocks edged lower on Wednesday as concerns over President Trump’s big tariff announcement raised fears that higher construction costs could slow the housing recovery. D.R. Horton, Inc. (DHI), the biggest US homebuilder, slid nearly 1% Wednesday morning, while Lennar (LEN) and PulteGroup (PHM) fell 0.7% and 0.4%, respectively. Trump is scheduled to unveil his…
US stock futures rose as Wall Street braced for President Trump’s announcement of new tariffs that stand to remake the global trade order. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) jumped 0.3%. CBOT – Delayed Quote •…