The S&P 500 fell sharply Friday as investors digested a cooler-than-anticipated jobs report and sharp uptick in inflation expectations just as President Donald Trump announced fresh tariff measures set for next week. the Dow Jones Industrial Average fell 329 points, or 0.7%, the S&P 500 index slipped 0.80%, and the Nasdaq Composite decreased 1.3%. Trump warns of reciprocal tariffs on many countries next week President Donald Trump detailed plans on Friday to impose tariffs next week on U.S. imported goods equal to the rates that trading partners impose on American exports, Reuters...
Stocks slid on Friday as a mix of news related to tariffs and inflation worried traders to close out the week. Major benchmarks took a leg lower during the session after President Donald Trump said he was planning reciprocal tariffs on trading partners. This could mean raising tariff levels across the board to equal rates charged the U.S. The Dow Jones Industrial Average fell 444.23 points, or 0.99%, to close at 44,303.40. The S&P 500 declined 0.95% to 6,025.99, and the Nasdaq Composite slid 1.36% to end at 19,523.40. Friday's losses left the major averages in negative territory on the...
Asia-Pacific markets were mixed Friday as investors assessed India's interest rate decision and Japan's household spending data. Australia's S&P/ASX 200 dipped 0.11% to end at 8,511.4. Japan's Nikkei 225 fell 0.72% to close at 38,787.02 and the Topix traded 0.54% lower to end the trading day at 2,737.23. The country's household spending in December rose 2.7% year on year in real terms, sharply beat Reuters' expectations of a 0.2% rise. South Korea's Kospi shed 0.58% to close at 2,521.92, while the small-cap Kosdaq rose 0.35% to close at 742.9. Hong Kong's Hang Seng Index added 1.1%...