Trump's China tariffs send stocks tumbling as 'FOMO' rally fades, S&P 500 closes at lowest level in a year

Trump’s China tariffs send stocks tumbling as ‘FOMO’ rally fades, S&P 500 closes at lowest level in a year

Early Tuesday morning, stocks looked poised to stage a “Turnaround Tuesday” rally as tariff negotiation hopes ran high. By the end of trading on Wall Street, those hopes had been dashed. “At the slightest whiff of good news, people come roaring back in because that FOMO [fear of missing out] never goes away,” Interactive Brokers…

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Nearly $110b wiped off Australian shares as ASX 200 drops 4.2pc, rate cuts priced in

Nearly $110b wiped off Australian shares as ASX 200 drops 4.2pc, rate cuts priced in

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…

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Berkshire Hathaway Gains Defy Stock Market Slump

Berkshire Hathaway Gains Defy Stock Market Slump

[content-module:CompanyOverview|NYSE:BRK.B] While the broader equity market has had a challenging start to 2025, Berkshire Hathaway Inc. (NYSE: BRK.B) shares have charted a notably different course. With most indices facing headwinds and volatility, the Omaha-based conglomerate’s stock has registered healthy gains. The company’s success during economic uncertainty can be attributed to its diversification strategy, which provides…

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