Dow, Trump and stocks
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CBS News |
The Dow Jones Industrial Average plunged 1,679 points, or 4%, to close at 40,546.
The Financial Times |
Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order.
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Economists say impacts on Americans could result in higher prices and even losses in retirement and investment accounts. However, one financial expert who spoke with ABC 6 News said people should not panic.
WARNER ROBINS, Ga. — The stock market plummeted today, with the Dow Jones Industrial Average suffering its largest single-day drop since the pandemic-induced volatility of 2020. The sell-off was triggered by investor concerns over newly announced tariffs, sparking fears of increased consumer prices and potential economic repercussions.
Stocks suffered their worst crisis since COVID in March 2020, as the Dow Jones plunged more than 2,200 points on Friday, over concerns about the fallout from President Trump’s tariffs. The NASDAQ and S&P lost nearly 6 percent.
Wall Street's major averages drop into the red on Monday as the benchmark S&P 500 (SP500) fell to a new 6-month trading low. Learn more here.
Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession.
A global market meltdown unfolded Thursday after President Donald Trump imposed sweeping tariffs, triggering fears o
The stock market cratered Thursday as fears of global economic slowdown driven by President Trump’s new tariffs spurred Wall Street’s worst day of losses since the outbreak of the
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.