Dow drops 1,200 as Trump tariff announcement spurs global sell-off
- The Dow Jones Industrial Average fell sharply on Thursday after markets opened, showing a major drop.
- President Trump's announcement of new trade policies on Wednesday spurred fears of economic slowdown.
- The S&P 500, Nasdaq, and stocks like Nike and Dollar Tree all experienced significant declines.
- Trump stated, "THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING," regarding his tariff policies.
- Global markets reacted negatively to potential inflation, with indexes declining worldwide, impacting economic growth.
135 Articles
135 Articles
Volatility Gauge Vix Surges To An 8-Month High: 'More Fear Equals More Opportunity,' Says Analyst - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
The Cboe VIX zoomed 39.56% to close at 30.02 on Thursday following the tariffs imposed by President Donald Trump.
US stocks lead worldwide sell-off after Trump’s tariff announcement
Stocks plummeted on Thursday after Donald Trump’s trade war escalation sparked a global sell-off. Beijing is amongst those worst hit by the announcement, and has called the move “bullying”. Reports hint that it could soon be the end of Elon Musk’s time in Washington. Plus, Trump’s tariffs target odd locations like uninhabited volcanic islands home to penguins.
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