S&P 500 drops 6% and Dow plunges 2,200 to close the worst week since 2020
- The Dow Jones dropped by 2,231 points, or 5.5%, marking the worst trading week since March 2020 due to uncertainty about President Donald Trump's tariffs.
- China announced a 34% tariff on all U.S. Goods, responding to Trump's trade policies, which caused significant market reactions.
- President Trump asserted that market uncertainty would be temporary and predicted a stronger economy following his trade policies.
- White House Press Secretary Karoline Leavitt encouraged trust in President Trump, stating, 'This is a president who is doubling down on his proven economic formula from his first term.
210 Articles
210 Articles
Should I ride out the S&P or buy a townhouse at 28 with $120k in stocks?
The S&P 500 has become a lot tougher to ride out with the index melting down more than 10% in just two sessions last week. While only time will tell if the worst is already in the books, it’s not hard to imagine that many dip-buyers are feeling a tad less willing to brave the latest leg lower. With many retirees likely feeling nauseated and just about ready to sell everything so they don’t need to stick around for a worsening of a global trade w…
Evercore ISI Is Latest Firm on Wall Street to Cut S&P 500 Target
After the S&P 500 Index wiped out $5.4 trillion in market value in just two days on escalating trade war fears, Evercore ISI is joining other Wall Street firms in saying it was too optimistic in its 2025 targets — but still sees stocks rallying from current levels by year-end.
'It's a nightmare': Michael Medved slams Trump’s tariffs
Stock markets worldwide responded to the Trump administration’s rollout of tariffs with its single worst day since COVID-19 wrecked the global economy in 2020. China retaliated by raising its own tariffs against the U.S. in what many are calling “an escalating trade war.” “It’s a nightmare,” commentary Michael Medved said on “The Gee and Ursula Show” on KIRO Newsradio. “Of all of the stupid things that Trump has done, and there are a lot of them…
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