US EditionNasdaq On Track for Bear Market as Trump Tariff Stock Sell-Off Continues
- The Nasdaq Composite has entered a bear market, dropping 20% from its December high after falling 5.8% this week.
- China imposed 34% tariffs on U.S. Goods in response to newly implemented tariffs, signaling heightened trade conflict that could lead to a recession.
- Federal Reserve Chairman Jerome Powell warned that rising tariffs may elevate inflation.
- Analysts predict tech earnings could decline by at least 15% if U.S. Tariffs are implemented as announced.
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Nasdaq falls into bear market territory as stocks extend selloff after Powell signals no imminent rate cuts
The stock market continued its collapse Friday as the Nasdaq fell into a bear market amid the fallout from President Donald Trump’s hefty “Liberation Day” tariffs. China matched the U.S. by imposing 34% retaliatory tariffs on U.S. imports. Amid the market turmoil, Trump called on Jerome Powell to cut interest rates, but the Fed chief dampened hopes for an imminent cut. The stock market continued to plummet Friday following the worst single-day s…
·New York, United States
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Total News Sources25
Leaning Left2Leaning Right8Center4Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
14%
C 29%
R 57%
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