US EditionWall Street opens lower after sharp rally on Trump tariff reversal
- U.S. stocks are falling after a previous surge, with the S&P 500 down 2.3% and the Dow Jones Industrial Average down 700 points following President Donald Trump's decision to pause tariffs worldwide.
- Despite a better-than-expected inflation report, U.S. stocks did not recover their gains due to ongoing global trade tensions, as China seeks allies against Trump's policies.
- The European Union has decided to pause its trade retaliation measures for 90 days, aiming for a negotiated solution, but recession risks remain high.
- UBS strategist Bhanu Baweja noted that Trump's tariff decisions could still negatively impact future U.S. corporate profits, emphasizing market volatility.
101 Articles
101 Articles
Companies remain bewildered after Trump U-turn on tariffs
President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors…
The American stock markets gave up a third of yesterday's top gains on Thursday. The AEX had already closed much lower than it had started the day with. Not much remains of the initial euphoria about President Trump's decision to partially suspend the introduction of import duties. Investors remain very concerned about the economy.
Absurd fluctuations after different messages. Nasdaq went from plus 12 percent to -6 percent.
New York.- U.S. stocks were falling on Thursday, while investors are analyzing global economic prospects that have improved dramatically in 24 hours, but are still uncertain. In the first minutes of New York Stock Exchange operations, the Nasdaq technology index fell 3.15 percent, after having recorded its largest daily percentage increase in the previous day since 2001. S&P 500 was back by 2.71 percent and Dow Jones by 2.29 percent. Global mark…
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