US EditionUS stocks drop after another stunning day of reversals as uncertainty reigns about Trump’s tariffs
- US stocks experienced a drop, with the S&P 500 falling 1.6 percent, marking its first close below 5,000 points in nearly a year.
- The Dow Jones Industrial Average decreased by 320 points, reflecting concerns over President Donald Trump's trade war policies.
- A new set of tariffs, including a 104 percent levy on Chinese imports, is set to take effect, heightening market uncertainty.
- Investor Jack Ablin stated that there is now a greater than 50 percent chance of a US recession, indicating the lack of clarity in the market.
202 Articles
202 Articles
The Times of Northwest Indiana
US stocks take nosedive
ECONOMY
Short Sellers’ Pessimism Could Be Contagious
The vultures of the stock market are making a killing. Short sellers, traders who wager on shares falling, made $159 billion in just six days as stocks dropped amid a global trade spat. Traders betting against SPY, an exchange-traded fund that tracks S&P 500 stocks, racked up more than $6 billion in profits this month, according to data firm S3 Partners. Short sellers also made billions betting on the descent of individual Big Tech companies, e…
'Someone knew': Insider trading speculation abounds after Trump abruptly reverses course
The wild market fluctuations caused by President Donald Trump's tariff announcements raised questions Wednesday afternoon about the potential for insider trading.Financial markets continued to free-fall Wednesday morning over Trump's tariffs for U.S. trading partners at an average rate of 29 percent...
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