Trump, Tariff and Stock
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Forbes |
Investors did not get the rebound from Thursday’s historic losses they may have hoped for, as stocks again slid considerably as the market digests President Donald Trump’s tariffs while China, the wor...
BBC |
The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with the US S&P 500 having its worst day since the impact of Covid in 2020.
Wall Street Journal |
The market selloff continued Friday, with the China retaliation and recession fears pushing investors to sell stocks and hide in the safety of government bonds.
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U.S. stocks took it on the chin this week as President Trump's tariffs and the threat of retaliation spooked investors. But some see a silver lining.
Stocks nosedived for the second straight day on Friday as fears grow that an escalating global trade war will cut into corporate profits and stall economic growth.
US stocks extends losses at midday after China retaliates and Fed chair says wait and see. Dow sheds 1,600 points and Nasdaq toes bear market.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
The S&P 500 is down more than 13% since Trump won the election in November, with most losses concentrated since he announced his hawkish tariffs Wednesday.
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Trump's tariff increase could cost U.S. households $700 billion, the largest de facto tax hike since LBJ needed to finance the war in Vietnam.
President Donald Trump's sweeping tariffs stunned the stock market, with over $2T wiped out from the S&P 500 ( SP500) on Thursday in its worst single-day loss since 2020. But Wall Street veteran Edward Yardeni sees this as an opportunity.
Discount retailers also emerged as a way to play the tariff selloff, as the Dow Jones Industrial Average cratered by 4%, or 1,679 points. The S&P 500 retreated by 4.8%, and the Nasdaq lost about 6% of its value.