For China, soaring U.S. tariffs are a “joke,” as Chinese officials put it Friday in sharply hiking levies on American imports. Investors aren’t laughing. Stocks in the U.S. wobbled in early trading Friday as Wall Street absorbed the latest sign of the raging trade war between the world’s two largest economics. After Beijing announced that…
Washington: The stock market rout triggered by US President Donald Trump’s punishing tariff wars wiped over $10 trillion off major markets across the globe. The financial destruction, historic in scale, was equivalent to just over half of the GDP of the European Union, according to a report by Bloomberg. After Trump announced sweeping tariffs last…
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,…
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,…
The stock market is poised for a second straight day of sharp declines amid mounting investor concerns about U.S. economic growth and the prospect of a global trade war. Ninety minutes before the start of trade in New York, Dow Jones Industrial Average futures were down nearly 1,500 points, or 3.6%. Futures on the S&P…
The Dow Jones Industrial Average plunged 1,070 points, or 2.5%, to 41,156, shortly after trade opened Thursday as spooked investors tried to assess the impact of the latest round of Trump administration tariffs. President Trump on Wednesday announced a 10% baseline tariff on all U.S. trading partners and higher levies on dozens of countries that…
Financial markets around the world tumbled after President Trump on Wednesday announced a barrage of new tariffs, with U.S. stock futures pointing to a sharp drop when Wall Street opens for business. Roughly two hours before the start of trade at 9:30 a.m. ET, futures for the S&P 500 plunged 190 points, or 3.3%, while…
“Liberation Day” has investors heading toward the exits. Stocks slid in early trading as investors brace for President Trump to announce a fresh round of tariffs on Wednesday afternoon. Mr. Trump is using the phrase to describe so-called reciprocal tariffs, and possibly other trade measures, the U.S. is expected to deploy against its global trading partners….
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Stocks skidded in afternoon trading after the White House signaled that President Trump on Wednesday would announce more tariffs, with the latest salvo targeting U.S. auto imports. The S&P 500 dropped 64 points, or 1.1%, to close at 5,712, the Dow Jones Industrial Average fell 0.3% and the Nasdaq Composite nosed down 2% as investors…