US stocks plunged on Thursday as investors reacted to President Trump's latest tariff announcement. The S&P 500 tumbled 3.2%, the Nasdaq plummeted 4.1%, and the Dow Jones sank about 1,060 points. On Wednesday, Trump unveiled a baseline 10% tariff on all imports, set to take effect on April 5, with around 60 countries facing even higher levies—54% for China, 20% for the EU, and 46% for Vietnam.
Both China and the EU have already pledged retaliatory measures, stoking fears of a prolonged trade war, a potential US recession, and mounting inflationary pressures.
Consumer discretionary, tech and energy were the worst performing sectors while consumer staples and utilities managed to stay in the green.
Companies with global supply chains and heavy reliance on imports were hit hardest, with Apple plunging 7.8% and Nike tumbling 10%. Megacap stocks also saw sharp losses, including Microsoft (-2.7%), Nvidia (-5.4%), Amazon (-6.7%), Meta (-6.6%), Alphabet (-3.6%), and Tesla (-3.5%).
Source: Trading Economics
Asian stocks opened higher, following Friday's rise in US stocks, which fueled hopes for a year-end rally. Many investors are starting to re-enter the market after a market correction. The MSCI Asia-...
US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the prev...
European equities closed higher on Friday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4% to a fresh record, boosted by expectations of further Fed rate cuts next year and fading bets that th...
European stocks opened mixed on Friday (December 19th), as investors digested a number of interest rate decisions and awaited crucial budget talks in France. Regional investors were shaken by a day f...
Asia-Pacific stock markets opened higher on Friday, as investors awaited a key decision from the Bank of Japan (BOJ). Markets expect the BOJ to raise interest rates to 0.75%, the highest level since 1...
Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthening followed positive sentiment on Wall Street....
Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthening followed positive sentiment on Wall Street....
Gold strengthened on Monday, December 22, 2025, during the Asian session, rising about 1% to $4,384 per ounce, setting an all-time high. This increase was driven by increased interest in safe-haven assets amid rising geopolitical tensions, as well...
The Bank of Japan (BOJ) officially raised interest rates on Friday to their highest level in three decades. This move is a key part of the BOJ's...
European stocks opened mixed on Friday (December 19th), as investors digested a number of interest rate decisions and awaited crucial budget talks...
European equities closed higher on Friday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4% to a fresh record, boosted by expectations of...
US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding...