The White House on Tuesday defended President Donald Trump‘s economic policies amid sharp declines in the stock market, rejecting the notion that his administration bears responsibility for the financial turmoil. Press Secretary Karoline Leavitt, speaking to reporters in the White House briefing room, downplayed concerns over market volatility, describing the situation as “a snapshot of…
U.S. stocks plunge after Trump’s comments on potential recession sparks sell-off – CBS News Watch CBS News Fears of a recession sparked a major sell-off in stocks, following comments from President Trump. In an interview with Fox News, Mr. Trump would not rule out the possibility of a recession. Kelly O’Grady has more. Be the…
New York, US: Share markets across the globe witnessed sharp losses after a selloff in America, triggered by US President Donald Trump on Monday refusing to rule out the suggestion that his tariffs could trigger a recession in the world’s biggest economy. US bond yields also dropped as investor worries about the potential economic slowdown…
2h agoMon 10 Mar 2025 at 8:47pm Market snapshot ASX 200 futures: -0.9% to 7,895 points Australian dollar: -0.5% to 62.75US cents S&P 500: -2.7% to 5,614 points Nasdaq: -4% to 17,468 points FTSE: -0.9% to 8,600 points EuroStoxx: -1.3% to 546 points Spot gold: -0.8% to $US2,888/ounce Brent crude: -1.6% to $US69.22/barrel Iron ore:…
(Bloomberg) — For two consecutive years, stock-market prognosticators lifted their outlooks for the S&P 500 Index (^GSPC) over and over again to keep up with an unrelenting rally. Most Read from Bloomberg Now just under three months into the year, sell-side strategists at firms including JPMorgan Chase & Co. (JPM) and RBC Capital Markets are…
The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite saw significant losses this week as investor sentiment soured over escalating trade policy actions and signs of economic weakness. While markets attempted a recovery on Friday, they still posted their worst weekly performance in several months, according to CNBC. The S&P 500 rose 0.55% to…
(Bloomberg) — Wall Street traders this week were hit by the biggest cross-asset losses since the Federal Reserve’s monetary-tightening campaign peaked in 2023. Blame tariffs, softening growth, a potentially revitalized Europe, and more. Most Read from Bloomberg Bulls, with their brokerage balances shrinking, hope it turns around. Also eyeing the turmoil warily is a small…
A $439 billion rally in Chinese tech megacaps this year has left their once-unbeatable US peers in the dust, an outperformance that many investors say has room to extend. An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” by Societe Generale SA…
Wall Street took another hit on Thursday rattled by a fresh wave of sell offs rattled. The US market, which was already on the edge over US tariffs and economic uncertainty, suffered massive lows as the Dow Jones Industrial Average dropped 427 points (1 per cent) to 42,579.08, while the Nasdaq fell 483.48 points to…
US stock futures advanced as Wall Street readied for the February jobs report amid market uncertainty caused by President Donald Trump’s volatile trade policy. Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.2%. Futures attached to the benchmark S&P 500 (ES=F) climbed 0.3%, and futures attached to the tech-heavy Nasdaq Composite (NQ=F)…