Donald Trump, tariffs and new york stock exchange
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ABC News |
U.S. stocks closed up on Wednesday ahead of President Donald Trump's announcement of sweeping tariffs, which the White House dubbed "Liberation Day."
Reuters |
Volatility has gripped U.S. markets in recent weeks as investors speculated about the scope of tariffs and their impact on the global economy, inflation and corporate earnings.
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Trump’s announcement sent shockwaves through markets around the globe Wednesday, with the S&P 500 plunging 2.8 percent and the Nasdaq 100 losing more than 3 percent in the U.S., according to exchange-traded funds tracking the markets Wednesday.
President Trump’s tariff plans are much more severe than many traders feared, driving a steep selloff in evening trading. U.S. stock-index futures dropped in off-hours trading as investors parsed the details of Trump’s sweeping new tariff policies.
Bonds were posting gains Thursday as the U.S. stock market sold off after the new round of tariffs announced by White House. Exchange-traded funds that provide broad exposure to the U.S. investment-grade bond market were up in late morning trading,
Indian equity markets slipped during Thursday's trade after Trump announced 26% tariffs on foreign imports to the US.
Notably, the fear index (India VIX), which gauges the volatility in the markets, settled higher by 8.37 per cent at 13.78 points
Stock Market LIVE Updates | Indias benchmark indices, Sensex and Nifty50, traded higher on Wednesday, driven by gains in IT and banking stocks, as investors awaited U.S. President Donald Trumps latest tariff announcements.