Trump, Dow and to tariffs
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Investors worldwide knew Trump was going to announce a sweeping set of tariffs late Wednesday, and fears surrounding it had already pulled Wall Street’s main measure of health, the S&P 500 index, 10%...
From LA Times
President Donald Trump unveiled sweeping 10% tariffs on all imports to the United States Wednesday.
From CNN
Stock markets across Asia-Pacific and Europe fell Thursday and US markets tumbled after President Donald Trump announced new tariffs on trading partners around the world.
From CNN
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Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
US stocks end sharply lower. Dow loses 1700 points. S&P 500 and Nasdaq have worst day since 2020 on worries Trump has sparked a hard-to-end trade war.
Thursday's sell-off hit megacap technology stocks especially hard, with CNBC's Magnificent Seven index sliding more than 6%. Collectively, the stocks in the Magnificent Seven, which led the market higher in both 2023 and 2024, lost more than $1 trillion in market value.
The U.S. stock market suffered its worst single-day drop since 2020, with the Dow Jones falling more than 1,600 points, the Nasdaq losing over 1,000, and the S&P 500 closing down more than 270 points.
Stocks plunged Thursday, turning in their worst performance since early in the Covid pandemic, as market participants reacted to President Donald Trump's announcement of wide-ranging tariffs against nearly all U.
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Wall Street futures plunged Thursday morning after President Donald Trump unveiled a historic batch of reciprocal tariffs that could fuel an all-out trade war and batter economies around the world. Futures tied to the Dow Jones Industrial Average lost 1,214 points, or 2.86%, by about 9 a.m. ET.
President Trump's new tariffs send shockwaves through global markets as a trade war unfolds. Follow along for live updates on stocks and the Dow, Nasdaq and the S&P 500 are reacting to the latest tariffs news.
The tech-heavy Nasdaq plunged 5.8% and also hit its lowest level since September. The S&P 500 and Dow were on pace for their worst day since the 2022 inflation crisis. The Nasdaq was on pace for its worst day since March 2020.