Trump's tariffs hit US stock market
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USA TODAY |
US stocks extend their opening losses on fearsTrump's tariff plan will lead to trade war. Dow loses 1400 pts. S&P 500 headed for worst day in 2 years.
AOL |
U.S. markets plunged Thursday after Trump announced a 10% tariff on all countries that will take effect Saturday.
Reuters |
Stocks dived on Thursday and investors scrambled for the safety of bonds, gold and the yen, fearing new U.S. tariffs have intensified a trade war threatening to tip the world into recession.
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US stocks plunged after President Trump announced a baseline 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order.
The stock market and some Arizona companies took it on the chin after Trump announced tariffs that could slow the economy and raise consumer prices.
The stock market marked its worst day since 2020 after the White House unveiled its plans for steep tariffs that will upend the global economy. The S&P 500 sank 4.8%. The Nasdaq Composite slid 6%. The Dow Jones Industrial Average fell 1,
The Dow Jones Industrial Average plunged over 1,400 points, or 3.5%, shortly after stock market trading opened Thursday in the wake of President Donald Trump announcing sweeping global tariffs Wednesday.
Team coverage of the Trump tariffs announcement causing multiple U.S. and international stock markets to crater Thursday morning.
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Dow Jones Market Data has produced an early estimate of the dollar amount that has been wiped away from U.S. equity valuations during Thursday's stock-market rout: $2.5 trillion. That's on track for the largest single-day stock-market wipeout since March 16,
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24/7 Wall St. on MSNCramer Said the Market Always Closes Too High Versus the Morning. Watch Apple (AAPL), META (META) and Microsoft (MSFT) TodayJim Cramer acknoweldges that Trump's tariffs are necessary for the nation's economic health, but anticipates further market turbulence near term.
U.S. stocks lost roughly $2.7 trillion in market cap on Thursday – the biggest one-day decline since the start of the COVID-19 pandemic in March 2020.
Trump announced a minimum tariff of 10% on imports, with the tax rate running much higher on products from certain countries like China and those from the E.U.
US stocks plummeted at the open. The Nasdaq was down more than 4%, the 10-year Treasury yield hit its lowest level since October, and oil prices dropped 7%.
U.S. stocks fell sharply in after-hours trading Wednesday after President Trump announced sweeping new tariffs on imports from trading partners.