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Stocks tumble in Wall Street’s worst day since April after Trump threatens more tariffs on China
- On Friday, the S&P 500 sank 2.7%, its worst day since April, after President Donald Trump threatened a large tariff increase on Chinese imports on his social media platform.
- Upset over China's rare-earth export curbs, President Donald Trump wrote on Truth Social that other countries were "extremely angry" and said there seemed to be no reason to meet Xi Jinping.
- Four out of five S&P 500 stocks fell, with Levi Strauss plunging 5.4% despite strong profits and Dell Technologies sinking 5.2% amid big tech and artificial-intelligence sector losses.
- U.S. crude sank 4.2% to $58.90 and Brent crude dropped 3.9 to $62.66 as indexes across Europe and Asia fell.
- The Federal Reserve has penciled in several more rate cuts through next year, while the University of Michigan's preliminary survey found consumers' inflation expectations edged down to 4.3%.
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Wall Street tumbles to worst day since April
A monthslong calm on Wall Street shattered, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs higher on China. The S&P 500 sank 2.7% Friday in its worst day since April. The Dow Jones Industrial Average dropped…
·Florida, United States
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'Spooked markets': Trump's social media post sends stocks tumbling
The stock markets fell on Friday after President Donald Trump "spooked markets" when he took to Truth Social to threaten more tariffs, according to a report.The New York Times reported that the S&P 500 fell 2.7%, which is the worst in the past six months. The same thing happened with the Nasdaq Composite, which had the worst tumble since the announcement of the Trump tariffs in April.“One of the Policies that we are calculating at this moment is…
·United States
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Coverage Details
Total News Sources126
Leaning Left37Leaning Right10Center42Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 42%
C 47%
11%
Factuality
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