US equities ended lower on Tuesday as investors grappled with downbeat economic data, rising trade tensions, and mixed corporate earnings. The S&P 500 dropped 0.5%, the Nasdaq slid 0.7%, and the Dow slipped by 62 points, following Monday's sharp rebound from Friday's losses tied to a disappointing jobs report. Concerns about stagflation resurfaced after the ISM Services index showed activity had stalled in July. Meanwhile, President Trump's threats of steep tariffs up to 250% on pharmaceutical imports alongside potential levies on semiconductors, added to market unease amid ongoing...
US equities advanced on Wednesday as investors awaited President Donald Trump's tariff announcement. The S&P 500 rose 0.7%, the Nasdaq 100 gained 0.8%, and the Dow Jones climbed 235 points. Tesla shares surged 5.3%, reversing earlier losses tied to weak quarterly deliveries, following reports that Elon Musk might step down from his advisory role in the administration. Uncertainty over the tariffs kept investors on edge, with speculation that Trump was considering broad 20% levies on imports, raising fears of a potential trade war. The White House confirmed the tariffs would take effect...
European markets closed lower Wednesday as investors braced for new U.S. trade tariffs. The Stoxx 50 fell 0.4%, and the Stoxx 600 lost 0.6%, reversing Tuesday's rebound. Most sectors declined, with healthcare stocks hit hardest—down nearly 2%—amid fading hopes for tariff exemptions. Bayer dropped almost 4%, leading losses. Concerns grew after Trump reiterated that his "reciprocal tariffs" would apply to "all countries." Reports suggest a 20% tariff on most imports, but final details remain uncertain. The White House confirmed the measures would take effect immediately after their...
Stocks in the US were lower on Wednesday, with the S&P 500 falling 0.9%, the Nasdaq tumbling 1.4% and the Dow Jones falling more than 240 points. Investors remained on edge ahead of President Trump's upcoming tariff announcement. Reports suggested he is considering a universal 20% tariff on most imports, though uncertainty persists regarding the scale and scope of the levies. The White House has stated that the tariffs would take immediate effect but noted that Trump remains open to further negotiations. Meanwhile, the ADP report showed a surprise 155K gain in private sector employment...
The Hang Seng closed almost flat at 23,202 on Wednesday, following modest gains in the prior session, as strength in tech and financials were offset by weakness in property and consumers. Traders awaited President Trump's announcement on new reciprocal tariffs later today. The new duties are set to take effect immediately, the White House said, while a separate 25% tariff on auto imports will be enforced from April 3. On the geopolitical front, China conducted a second day of military drills around Taiwan on Wednesday, rattling market sentiment. At the same time, upbeat manufacturing data...
European markets opened lower Wednesday as global traders brace themselves for a raft of fresh trade tariffs due to be announced by U.S. President Donald Trump's administration. After rebounding Tuesday, the regional Stoxx 600 index was back in the red early Wednesday, down 0.23% shortly after the open. Most sectors notched declines, though travel and oil and gas stocks posted slight gains. Investors are concerned that the White House could be erring toward more punitive import duties after Trump said earlier this week that his "reciprocal tariffs" plan will target "all countries" when...