US EditionUS Stocks Enter Bear Market Territory as Tariff Concerns Weigh on Wall Street
- U.S. Stocks fell sharply as President Donald Trump threatened to increase tariffs, with the Dow Jones down 349 points and the S&P 500 down 0.2% on Monday.
- The Dow Jones Industrial Average dropped 349 points, driven by fears related to ongoing trade tensions and Trump's tariff policies.
- JPMorgan Chase CEO Jamie Dimon warned that the tariffs might slow economic growth and increase inflation, raising recession likelihood predictions from Goldman Sachs.
- Billionaire hedge fund manager Bill Ackman criticized the tariffs as an 'economic nuclear war' that would undermine business confidence and investment in the U.S.
422 Articles
422 Articles
Wall Street could be headed for a bear market.
NEW YORK — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. READ: US stocks dip after careening through a manic day The last bear market happened in
'Doesn't make any sense': Expert says Trump official 'misunderstands' how markets work
President Donald Trump's Treasury Secretary Scott Bessent doesn't appear to understand the basics of how the stock market works, analyst Natasha Sarin told CNN's Boris Sanchez and Brianna Keilar on Monday afternoon.Trump's imposition of tariffs on goods purchased from virtually every country in the world has resulted in plunging stock prices both at home and abroad, leaving officials in the Trump administration scrambling to explain it away as "…
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