Stock Market Recovery Ahead Of Imminent Trump Tariffs
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US stock futures plunged after President Donald Trump announced 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order.
From Yahoo Finance
Investors have sought refuge in U.S. government bonds and gold while dumping domestic equities, especially the high-flying tech stocks, amid fears tariffs could stifle economic expansion and ignite in...
From Reuters
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24/7 Wall St. on MSNLive Stock Market News: Nasdaq Composite Down 4.5% & Dow Drops 1,200 PointsYou can read our live blog where we covered the tariff announcements and market reaction from last night, but the big picture is: The United States is issuing reciprocal tariffs that are largely calculated on trade imbalances rather than tariff rates.
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.
If Trump follows through on his tariffs, stock prices may need to fall much more than 10% from their all-time high in order to reflect the global recession that could follow, along with the hit to profits that U.S. companies could take. The S&P 500 is now down slightly more than 11% from its record set in February.