Dow sheds 1,000 points in stock market rout
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President Trump's announcement of steep tariffs on Wednesday shocked investors and sent economists scurrying to revise downward their forecasts for U.S. economic growth.
From CBS News
President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while esc...
From U.S. News & World Report
Now, some Democratic lawmakers are calling for investigations into whether Trump's policy reversal led to any market manipulation or insider trading.
From U.S. News & World Report
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Stock futures moved higher in volatile trading Friday after yesterday's steep downturn, as investors react to the latest developments in a trade war with China, earnings reports from major U.S. banks and encouraging inflation data.
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.
Wall Street kicked off Friday with another brutal stretch of losses driven by President Trump’s new tariffs despite stronger than expected March jobs data. The Dow Jones Industrial Average
Wall Street Indexes have seen a mixed bag today with wild swings from fresh lows to small gains at the time of writing. After starting the week in the red early in the session, the S&P 500 gained on news of a document which showed the EU has proposed counter tariffs on a range of US imports at 25%.
Despite market volatility, shares of the "Magnificent Seven" largely rose on Monday, with Nvidia (+3.5%) and Amazon (+2.5%) leading gains. The S&P 500 fell 0.2% and Dow Jones Industrial Average plunged 0.
Adding to concerns, a University of Michigan survey showed consumers’ 12-month inflation expectations soared to the highest in nearly 2-1/2 years in March
Canadian official says what it will take for them to drop their tariffs 'tomorrow' 01:43 . Now playing - Source: CNN
Trump's tariff plans are sending stocks tumbling and sparking fears of a global economic downturn. Follow along for live updates on the Dow Jones Industrial Average, Nasdaq and S&P 500.