Trump, Dow Jones and tariffs
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New York Post |
“This data further lends credence to the marginal shift we’re seeing towards a more stagflationary environment,” said Jordan Rizzuto, chief investment officer at GammaRoad Capital Partners.
The New York Times |
Wall Street tumbled to its worst day since the pandemic yesterday in response to President Trump’s major round of tariffs on U.S. imports, as countries reeling from the blow weighed countermeasures.
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The Dow Jones Industrial Average (DJIA) slid on Wednesday as investors remained uncertain about President Trump’s economic plans. That includes
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.
Investors looked ahead to the latest reading of the personal consumption expenditures price index, due on Friday.
US stocks rebounded Monday to cap a volatile month and quarter as trade-war worries mount in the run-up to President Trump's tariff bonanza later in the week. Markets wrapped up March on a woeful note after a rough month and quarter beset by Trump's fast-evolving tariff policy.
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
Thursday's flight to safety in U.S. government debt, triggered by economic-growth concerns a day after President Donald Trump announced his latest tariff plans, sent 2- and 10-year yields to their lowest levels in more than five months.
The US stock market saw a sharp decline as the Dow Jones Industrial Average fell by 1,400 points, or 3.3%, following President Trump’s new tariffs on imports. The S&P 500 and Nasdaq Composite also dropped,
NASDAQ has also managed to rebound from session lows, although the index remained in the negative territory. Tesla, which was down by 1.6%, was among the biggest losers in the NASDAQ index today.
The weakness in the Dow Jones Transportation Average raises economic concerns as stocks decline, fueled by tariff uncertainties and sluggish growth forecasts. The index's slump reveals consumer spending patterns and signals potential weakness in the U.