Wall Street tumbles 10% below its record after Trump escalates his trade war
A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.4% slide on Thursday sent the index to its first since 2023. The losses came after Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.
Wall Street slides as trade war escalates; S&P 500 confirms correction
Wall Street ended sharply lower on Thursday and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed by fears that the escalating, hydra-headed tariff war being waged by the United States against its biggest trading partner could reignite inflation and tip the economy into recession.
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By Saqib Iqbal Ahmed NEW YORK (Reuters) -For the first time in over a year, the U.S. stock market is in a correction. The ...
The widely followed stock index fell more than 10 percent as President Donald Trump threatened to escalate a tariff tiff with ...
The S&P 500 (SPX) is down today as a major bull of the index lowered his target for it. Yardeni Research President and Chief ...
The S&P 500 index sunk into correction territory Thursday, falling 10 percent in less than a month from a record high. The ...
The S&P 500 and Nasdaq Composite rose on Wednesday, getting a lift from a benign consumer inflation reading and a run-up in ...
Goldman Sachs has trimmed its 2025-end target for the S&P 500 Index to 6,200 from 6,500, citing increased policy uncertainty, ...
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The tech-heavy benchmark added 1.22% and closed at 17,648.45, while the S&P 500 gained 0.49% to end at 5,599.30. The Dow ...
Investors are digesting better-than-expected inflation data and bracing for the next move in Trump's escalating trade war.
Quite suddenly, the UK's FTSE 100 index has surged past the S&P 500 and Nasdaq Composite, beating both over one year. A win ...
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