The Dow Jones Industrial Average gave back gains and closed lower on Thursday as investors pocketed some of their profits in what's been a solid week thus far. The 30-stock Dow fell 224.48 points, or 0.51%, closing at 43,968.64.The S&P 500 lost 0.08% and ended at 6,340.00. The Nasdaq Composite advanced 0.35%, ending at 21,242.70. The major averages saw sharp swings during the session, with the Dow up more than 300 points at its high and off more than 390 points at its low. The blue-chip Dow was weighed down by a 2.5% decline in Caterpillar shares after the construction equipment maker...
U.S. stocks plunged on Thursday, reversing some of the previous day's historic rally as fresh concerns over escalating trade tensions between the U.S. and China rattled investor confidence. President Trump's announcement of a 90-day tariff pause for some countries had sparked optimism, but confirmation that total tariffs on Chinese goods had jumped to 145% reignited market concerns. The S&P 500 and Nasdaq fell 3.5% and 4.3%, respectively, while the Dow plunged 1,015 points. Tech giants such as Apple (-4.2%), Tesla (-7.3%), Nvidia (-5.9%), and MetaTrader (-6.7%) led the losses, as...
European stocks rallied by the most since March 2022, a day after US President Donald Trump paused plans to implement higher reciprocal tariffs on dozens of trade partners, easing concerns for the moment about potential damages from a global trade war. The Stoxx Europe 600 Index rose 3.7%, trimming earlier gains of as much as 7.3%. All sectors were in the green, with financial services and banks leading gains. France's CAC 40 advanced 3.8% and Germany's DAX added 4.5%. Trump announced a 90-day tariff reprieve Wednesday, providing relief for European...
Stocks fell on Thursday after a massive rally on Wall Street spurred by President Donald Trump announcing a 90-day reprieve on some of his "reciprocal" tariffs. The Dow Jones Industrial Average dropped 744 points, or 1.8%. The S&P 500 shed 2.2%, while the Nasdaq Composite slid 2.8%. The major averages are still down sharply since the tariffs were announced on April 2. The S&P 500 is lower by more than 6% in that time, along with the Dow and Nasdaq. Leading the declines were Apple and Tesla, which pulled back more than 3 and 5%, respectively. Nvidia lost 4.9%, while Meta Platforms...
The Hang Seng jumped 417 points or 2.1% to end at 20,682 on Thursday, marking its third straight gain as traders shrugged off Washington's latest tariff hike on Chinese goods—from 104% to 125%- on bets Beijing will do more to shield the economy from levies. China also released a White Paper showing a willingness to engage with the U.S. to ease a trade war while vowing to take firm measures to defend its interests. Sentiment was further lifted by reports that top Chinese leaders were meeting to discuss new support measures, with regulators exploring fresh steps to calm markets. Adding to...
Japan's Nikkei share average jumped 9% on Thursday as investors scooped up beaten-down stocks after U.S. President Donald Trump declared an immediate 90-day tariff pause for many countries. The Nikkei rose 9.13% to 34,609 in its biggest daily gain since August 6, the day after the index fell in its biggest single-day rout since the 1987 Black Monday crash. The broader Topix climbed 8.09% to 2,539.4. "Investors bought back stocks today, wishing that they had not dumped stocks in the previous session," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence...