After the Dow Jones plummeted over 2000 points on Friday, two days after Donald Trump's tariff announcement, several right-wing ‘MAGA’ commentators rushed to defend the president. ‘Look at the 5-year-chart’, one person wrote, suggesting American investors had gained long-term.
(Reuters) - S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff on Wall Street, their biggest one-day loss in value since the emerging coronavirus pandemic sent global markets into a tailspin on March 16, 2020.
The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as President Trump’s higher-than-expected tariffs set off another round of economic worry.
Japan's stock market is hitting new highs due to strong fiscal flows from government spending, current account surplus, and rising bank credit creation. Government spending at over 4% of GDP, a positive current account balance,
American companies are investing more in their future and getting a better return on their investments than overseas peers, Goldman Sachs said.
US and European stocks extended the previous day's losses on Friday, ending a week of bloodletting following US president Donald Trump's announcement of a global shakeup in how the US organises trade.
US stocks open sharply down. Trump surprises with tariff plan that could mean trade war. Dow loses 1,100 pts. S&P 500 headed for worst day in 2 years.
Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020