Stock index futures tumbled on Thursday, and yields plunged as President Donald Trump's reciprocal tariffs ignited fears of a potential global trade war. S&P 500 futures (SPX) -3.7%, Nasdaq 100 futures (US100:IND) -4.
The dollar slumped on Thursday and global stock markets dropped as investors rushed to price in growing damage to the world’s biggest economy from Donald Trump’s trade war.
Asian markets and U.S. futures have tumbled following U.S. President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world.
Stock futures tumbled Wednesday after President Donald Trump announced tariffs for all trading partners as investors fretted over increased prices and a possible recession.
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Shares of RH fell sharply after hours on Wednesday after the luxury furniture chain’s full-year sales outlook came in shy of expectations, amid a forecast of what it characterized as a “higher-risk business environment this year” due to tariffs,
Trump's social media company filed paperwork with the Securities and Exchange commission that could allow the president's trust to sell more than $2 billion of shares.
At the same moment President Donald Trump claimed his universal tariffs were sure to send the stock market rocketing upward, unbeknownst to him, the values of the world’s largest companies were falling off a cliff.
Investors are looking for places to hide out as they wait to see how markets react to President Donald Trump’s “liberation day” tariff announcement.
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Trump Media's stock slid on Wednesday after the company disclosed in a securities filing the possibility of significant stock sales. President Donald Trump has previously said he does not plan to sell his stake in the company.