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New York, US stocks jumped Friday in another manic day on Wall Street, while the falling value of the US dollar and other swings in financial markets suggested fear is still high about escalations in President Donald Trump’s trade war with China. The S&P 500 rallied 1.8%, after veering repeatedly between gains and losses, to…
Wall Street’s Magnificent Seven: The US tech megacaps have shed nearly $2 trillion since April 2 when US President Donald Trump announced sweeping reciprocal tariffs across nations worldwide. The “Magnificent Seven” stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing…
Asian markets opened with strong gains on Thursday, following Wall Street’s biggest one-day rally in years after US President Donald Trump announced a temporary pause on higher tariffs on all nations barring China. Trump announced an immediate 90-day tariff pause for many countries even as he raised the levy on Chinese imports to 125%. Japan’…
In early April 2025, global financial markets were jolted by a sharp and unexpected escalation in trade policy. US President Donald Trump announced sweeping reciprocal tariffs targeting nearly every major trading partner, a move that went beyond the tit-for-tat approach of previous years. US equities had the biggest decline in dollar value terms, losing $5.3…
