Donald Trump spent his 2024 campaign offering clear promises about tariffs on a nearly daily basis that were often downplayed by investors, perhaps because of the sheer size and scope of what he pledged to do. As president, he has …
Finance
Dow, S&P 500, Nasdaq futures slip as shaken Wall Street faces Trump tariff fallout
US stock futures continued to retreat on Friday after President Trump’s announcement of broad reciprocal tariffs sent markets into a tailspin. Dow Jones Industrial Average futures (YM=F) pulled back roughly 0.6%, while S&P 500 futures (ES=F) dropped 0.4%. Contracts on …
Apple sheds over $300 billion in tariff-fueled sell-off, notches worst drop since March 2020
Tech stocks plummeted on Thursday, with Apple (AAPL) leading “Magnificent Seven” names lower following President Trump’s reciprocal tariff announcement the day prior. Shares of Apple notched their worst day since March 2020 after the stock cratered over 9%, erasing over …
March jobs report expected to show hiring slowed, unemployment rate held steady before Trump’s tariffs
The March jobs report is set for release as markets are in a tailspin following President Trump’s stronger-than-expected tariff stance. The Bureau of Labor Statistics’ monthly jobs report is expected to show nonfarm payrolls rose by 140,000 in March, while …
Nvidia, TSMC, chip stocks plunge after Trump announces sweeping reciprocal tariffs
Nvidia (NVDA), TSMC (TSM), and other chip stocks fell Thursday following President Trump’s announcement of sweeping reciprocal tariffs set to affect the semiconductor supply chain. Nvidia stock dropped over 7.5%, while rival Advanced Micro Devices (AMD) saw shares plummet 8.9%. …
Stocks of McDonald’s and other fast food giants pop as reciprocal tariffs sink the wider market
With Trump’s reciprocal tariffs roiling the markets, investors are looking to Happy Meals for a smile. On Thursday, shares of McDonald’s (MCD), Yum! Brands (YUM), and Restaurant Brands International (QSR) all popped while the wider market plunged. The Golden Arches …