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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…
The US benchmark indices continued their downward run on Friday, with Wall Street’s fear level at a five-year high amid Donald Trump’s announcement of sweeping new tariffs earlier this week and China retaliating with a 34 per cent levy on all US imports. Trillions were wiped off stock market values as investors and economists said…
One of the most pivotal weeks in years – even decades – for the global economy closed on Friday to the sound of the Nasdaq crashing into a bear market as investors fear U.S. President Donald Trump’s trade war will tip the world into recession. Less than 48 hours after Trump raised tariff barriers to…
US stock market slumped on Thursday, with the Wall Street benchmark indices ending with the largest single-day percentage losses since 2020, after US President Donald Trump’s sweeping trade tariffs stoked fears of an all-out trade war and fears of a global economic recession. The Dow Jones Industrial Average crashed 1,679.39 points, or 3.98%, to 40,545.93,…
Trump tariff impact: Apple, Walmart, Nike and other major companies that depend on countries like China and Vietnam for manufacturing could lead a rout at the US stock markets, erasing roughly $1.7 trillion from the S&P 500 Index as trading opens on Thursday. The US stock market is likely to come amid worries after President…
