Dow plunges more than 1,600 points
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CNN |
US stocks were set to plunge Friday after China retaliated against the United States for President Donald Trump’s tariffs.
NBC News |
NBC News’ Christine Romans reports.
NBC News |
Countries seeking to sell goods to the United States will face taxes as high as 54% based on how the White House is calculating duties on U.S. exports.
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Investor's Business Daily on MSNGet Ready For Dow Jones Futures After Trump Tariffs Drive Nasdaq Into Bear MarketThe Trump tariff stock market rout has driven the Nasdaq into a bear market. Even resilient stocks cracked. Does market fear signal a bottom?
Tariffs could greatly impact corporate profits ... From a technical standpoint, the Dow Jones has enjoyed a positive start to the month, but today's whipsaw price action does not bode well.
The Dow Jones Industrial Average gained 415, or 1.1%, while the S &P 500 climbed 0.5%. The tech-heavy Nasdaq ticked down 0.1%. Tesla, the electric carmaker led by billionaire Trump-advisor Elon Musk, dropped 1.5%.
The Dow Jones got dragged into the depths on Friday, plummeting nearly 2,000 points. It’s the single worst day for equities since the pandemic selloff as the US kicks off a global trade war. China has announced its own retaliatory tariffs on the US, causing markets to brush off NFP.
US equity futures are pointing towards more pain ahead on Wall Street after Thursday's rout wiped out over $2.5 trillion in market capitalisation. The Dow futures are currently trading 420 points lower,
Dow drops more than 1,100 points as China hits back with tariffs on US imports. Follow live updates.
US markets opened Friday with a drop, coming off the S&P 500's worst day since 2020 and following China's move to match President Trump’s big raise in tariffs.
Matador noted it expects steel prices for goods such as casing, valves and surface equipment to increase this year. It added that its inventory for the majority of drilling in 2025 has already been secured. Matador said it doesn't expect any recent tariffs to impact its well costs until the second half of 2025.