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.
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.
Colorado companies that sell goods imported from overseas were hammered during Thursday’s stock market plunge, which was the worst one-day drop seen in the U.S. since pandemic fears roiled
And it was steep.As details of the new tariffs spread by text messages and tweets, executives and investors realized that Trump’s tariff threats were becoming a harsh reality.Restoration Hardware Chief Executive Gary Friedman was on a call with analysts Wednesday afternoon talking about the furniture retailer’s strategy and how the housing market could slow in this economic environment when news of the tariffs broke.
Beaten-down corporate bonds from automakers could rally after Wednesday’s tariff announcement from US President Donald Trump, making the debt an attractive purchase, according to JPMorgan Chase & Co.
U.S. stocks plunged at the opening bell Thursday after President Trump rocked global markets, announcing tariffs that would affect almost all imports into the United States.
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Wall Street was betting on a Trump Bump, but sweeping tariffs are threatening an economic slowdown.
As details of the announcement spread by text messages and tweets, executives started to realize that Trump’s tariff threats were becoming a harsh reality. Many executives and investors spent the hours after the Rose Garden ceremony trying to understand how far the contagion will spread.