US stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump's trade war continues to threaten the economy. The S&P 500 tumbled 3.5%, slicing into Wednesday's surge of 9.5% following Trump's decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%. Trump blinks, UBS strategist Bhanu Baweja wrote in a report about the president's decision on tariffs, but the damage isn't all undone. Trump has focused more on China, raising tariffs on its products to well above 100%. Even if that were to get negotiated down to something like 50%, and even if only 10% tariffs remained on other countries, Baweja said the hit to the US economy could still be large enough to hurt expected growth for upcoming US corporate profits. The losses for US stocks accelerated Thursday after the White House clarified that the United States will tax Chinese imports
When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses. But that was about to change. THIS IS A GREAT TIME TO BUY!!! DJT, he wrote on his social media platform Truth Social at 9:37 am. Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by the S&P 500, gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days. It was a prescient call by the president. Maybe too prescient. He's loving this, this control over markets, but he better be careful, said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. The people who bought when they saw that post made a lot of money. The question is, Was Trump already contemplating the tariff pause when he made that post? Ask
NEW YORK (Reuters) -Stock indexes posted their biggest one-day gains in years, with the S&P 500 recording its largest rise since 2008, while the dollar gained and Treasuries pared losses on Wednesday after U.S. President Donald Trump declared a temporary U.S. pause on tariffs.
The Dow Jones Industrial Average fell 257.7 points, or 0.68 per cent, at the open to 37,387.91. The S&P 500 fell 17.5 points, or 0.35 per cent, at the open to 4,965.28
Financial experts warn of economic slowdown as new tariffs disrupt global trade, heightening concerns over inflation, job losses, and market instability in the US
Known as the Dow Theory, it holds that moves in the Dow Jones Industrial Average must be confirmed by transport stocks, and vice versa, to be sustained
Avoiding a government shutdown would remove a concern for traders, already fretting over threats to the world economy from President Donald Trump's tariff war
US stocks on Tuesday extended a selloff that has dragged the benchmark S&P 500 down 5.3 per cent so far in 2025, with investors rattled over increased tariffs on imports
An ISM survey showed manufacturing was steady in February, but a measure tracking forward-looking new orders contracted to 48.6 last month from 55.1 in January
Warren Buffett's Berkshire Hathaway is holding a record $300 billion in cash, raising questions about his investment strategy and market outlook as stock valuations remain high
Markets Today Highlight: Broader markets also mirrored benchmarks, with Nifty Midcap100, and Nifty Smallcap100 ending down by 1.26 per cent and 0.30 per cent, respectively
The suggestion came out of the blue and underlined the risk of more policy uncertainty and market volatility ahead. Gold hit another record high, driven mostly by a weaker dollar
Markets Today Highlights: Banking shares stole the show among sectors, with Nifty PSU Bank, and Private Bank indices ending higher by over 2 per cent each
Automakers, chip stocks fall after Trump announces trade tariffs
Markets Today LIVE: Markets in Indian are poised to open with an upside, amid firm global cues, as investors track the start of the Budget session with the presentation of the Economic Survey today
Markets Today Highlights: Among the broader markets, the Nifty Smallcap 100 index gained 0.12 per cent, while the Nifty Midcap 100 index edged lower by a marginal 0.01 per cent
Markets Today Highlights: The broader markets outperformed the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index settled higher by 3.32 per cent
Markets Today Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent
The Nifty has declined nearly 12% in the last four months. The NSE index has witnessed six significant price corrections in the last one decade, excluding the COVID-related panic sell-off; shows data.
Markets Today Crash Highlights:Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 3.84 per cent and 2.75 per cent, respectively