Trump, stock and tariffs
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The Associated Press |
U.S. stocks fell again Monday after President Donald Trump doubled down on his tariffs, despite seeing how much Wall Street wants him to do the opposite.
Raleigh News & Observer |
President Donald Trump’s sweeping tariff plan — and the trade war it threatens — is an extraordinary gamble that’s not likely to pay off.
Yahoo |
Treasury Secretary Scott Bessent said unfair trade practices are not “the kind of thing you can negotiate away in days or weeks.”
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The stock market crash of October 1929 signaled the end of the "Roaring Twenties" and the beginning of the Great Depression. This was the second day of the big drop, known as "Black Tuesday," which began one day earlier and occupies the next spot on this list. 3.) Oct. 28, 1929 (-38.33, -12.82%)
US stocks saw strong gains slip away and end lower. Reciprocal tariffs, as is, are set for just after midnight, dampening optimism for lower levies,
Futures on Wall Street are off to a negative start after regular trading closed on Tuesday, ending yet another session marred by wild swings. The Dow Futures are down over 400 points, while those linked to the S&P 500 are down 60 and the Nasdaq are down over 200 points respectively.
21hon MSN
Wall Street's top minds aren't happy about Trump's latest tariffs, which have fueled the worst stock sell-off since 2020.
This comes after the stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent. As a result, last week marked the worst week for the stock market since 2020, and only the fourth time in history that the Dow lost 2,000 points in a single day.
After markets plunged over the course of the past three trading sessions, Wall Street investors were looking for any excuse to catch their breath ahead of another planned tariff escalation at midnight.
4don MSN
Top forecasters on Wall Street are eying the risk of a recession, a global slowdown, and further stock drops ahead.