US EditionStagflation Concerns Ripple Through Wall Street as Tariffs Hit
UNITED STATES, AUG 7 – Wall Street fell 150 points as tariffs raise costs and lower profits for major companies, while investors anticipate Federal Reserve interest rate cuts to support the economy.
- On Thursday, stocks drifted on Wall Street after President Donald Trump’s latest tariffs took effect, causing the S&P 500 to fall by 0.5%.
- The administration outlined plans including 100% tariffs on computer chips, with exemptions for U.S. investments, and announced tariffs on medicines and semiconductors next week.
- Companies reported tariff-driven losses; Caterpillar warned costs would rise about $1.5 billion, Toyota cut forecasts, and KFC shares fell over 5%.
- Sentiment has shifted, with markets expect the Federal Reserve to lower rates as early as September and possibly further by year-end.
- Looking abroad, indexes rose across much of Europe and Asia, with Frankfurt's DAX, London's FTSE, and Paris's CAC gaining, reflecting mixed global reactions.
37 Articles
37 Articles
Wall Street drifts, stock markets worldwide take
NEW YORK — U.S. stocks drifted to a mixed finish on Thursday as President Donald Trump’s tariffs taking effect on dozens of countries had only a muted effect on markets worldwide. The S&P 500 slipped 0.1% after briefly climbing to the cusp of its all-time high during the morning. The Dow Jones Industrial Average dropped
The US Stock Exchanges do not know exactly where the journey is going: on the one hand, Trump's peace efforts make hope in the Ukraine war. On the other hand, the US President still leads customs stride with many countries.
Sydney Morning Herald
ASX finishes lower but miners shine; QBE slumps
The Australian sharemarket closed slightly down on the back of a mixed session on Wall Street, while Donald Trump announced his choice to fill the vacant seat on the Federal Reserve board.
The Latest: as Trump's Sweeping New Tariffs Take Effect, US Trading Partners Scramble Worldwide
President Donald Trump’s latest round of punishing new taxes on imports arrived Thursday — with dozens of countries now facing even higher tariffs on goods that their businesses send to the U.S.
U.S. shares rose on Thursday, despite the fact that President Trump's massive tariffs affected dozens of trading partners after his self-imposed deadline expired.At the same time, the market was driven by the technology sector for a second day in a row, following Trump's insinuation of a possible tariff exemption for semiconductors.The Dow Jones Industrial Average (^DJI) won 0.6%, while the S&P 500 (^GSPC) rose by 0.5%.The Nasdaq Composite (^IXI…
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