WALL STREET
Massive market bloodbath: U.S. stock market sheds a staggering $5 trillion in just 3 weeks amid mounting uncertainty, here's what's fueling the Wall Street wipeout
U.S. stock market is facing a severe downturn, shedding $5 trillion in just three weeks as uncertainty grips Wall Street. The S&P 500 has plunged 10% from its peak, with losses fueled by trade war tensions, slowing economic growth, and a sharp decline in AI-related stocks like Nvidia. Analysts warn that erratic policies and a shift in investor sentiment are accelerating the selloff. With the market still trading at historically high valuations, concerns about a deeper correction remain. Investors are now closely watching economic indicators and corporate earnings for signs of stability.
Wall Street goes all in on great crypto comeback fueled by Trump
Once dismissed by Wall Street, crypto has gained mainstream legitimacy with Trump’s strategic Bitcoin reserve. At the Futures Industry Conference, finance and crypto executives converged, symbolizing a shift in sentiment as institutional players deepen their involvement in digital assets.
The 'Wolf of Wall Street' on US stock markets, recession, and Elon Musk
Jordan Belfort dismisses concerns over market volatility and defends Trump's tariffs as beneficial for the U.S. economy. He criticizes mainstream media for creating undue panic and praises both Trump and Elon Musk, expressing admiration for their actions.
Recession fears grip Wall Street: Could Trump's tariff war tip US into economic turmoil?
Economic slowdown fears in the U.S. intensify as trade war escalations and tariff hikes fuel market volatility. The Nasdaq enters correction territory, while the Federal Reserve revises GDP forecasts downward, increasing recession concerns. Analysts warn of further economic contraction.
Wall Street rallies to its best day in months, but that's not enough to salvage its losing week
U.S. stocks saw a strong rally on Friday as the S&P 500, Dow Jones Industrial Average, and Nasdaq composite climbed significantly. Despite this surge, the markets experienced a fourth straight losing week. The rally came amid efforts to prevent a government shutdown and easing some fears related to Trump's trade policies and tariffs.
The man who stood between Donald Trump and a recession is gone; who is he, will his absence trigger a downturn?
Social media platform X shows an unexpected nostalgia for former Treasury Secretary Steven Mnuchin. He was praised for his competent handling of the economy and market stability during his tenure. Current challenges and market uncertainties have led to a longing for Mnuchin's steadiness. His successor, Scott Bessent, has yet to gain similar confidence from investors.
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As Wall Street gets worried, retail investors keep buying US stocks
Despite a market downturn fueled by Trump’s trade war, retail investors poured $7.3 billion into stocks, favoring Tesla and leveraged ETFs. While Wall Street grows cautious, individual investors remain bullish, raising concerns that a true market bottom is yet to come.
US stocks slide 1.3% as trade war escalates, S&P 500 confirms correction
Wall Street closed sharply lower as inflation concerns were overshadowed by fears of the escalating U.S. tariff war. The S&P 500 is in a correction, tech shares dropped significantly, and sentiment is poor due to daily tariff headlines. Despite cooler inflation data, uncertainty about the economy remains high, impacting investor confidence.
Donald Trump blasts Rupert Murdoch for ‘Polluted Thinking’ after WSJ’s explosive report on his family business; here's what the newspaper wrote and why the president got irritated
Trump slams Wall Street Journal over crypto exchange report and tariff critiques, denying Binance stake talks while defending trade policies amid GOP tensions and media feuds.
Trading Day: Finally, a bounce on Wall Street. But for how long?
U.S. inflation data for February came in below forecasts, alleviating some investor concerns and driving a rebound in the S&P 500 and Nasdaq. However, ongoing trade tensions and tariffs imposed by President Trump add economic uncertainty, impacting growth and complicating the Federal Reserve's potential response.
Asian equities climb after soft US inflation print
Australian and Japanese shares rose and equity-index futures for US stocks climbed in early Asian trading, bolstering advances in the prior session. Even after Wednesday’s gains for the S&P 500 and Nasdaq 100, the first since Friday for the US benchmarks, they both remained over 3% lower this week.
Wall Street keeps shaking, and stocks lose a big morning gain as Trump's trade war escalates
Wall Street experiences volatility as tariffs from President Trump's trade war prompt retaliations from other countries. Stocks for U.S. companies like Brown-Forman and Harley-Davidson plummet due to new European Union tariffs. Additionally, AI-related companies see gains, and bond yields begin to recover.
S&P 500, Nasdaq gain on cooling inflation; tariffs stoke slowdown fears
The S&P 500 and Nasdaq surged after data indicated slowing U.S. inflation, notwithstanding ongoing concerns regarding Trump's protectionist trade tariffs. Technology stocks and interest rate-sensitive banks experienced notable gains, but companies with significant steel and aluminum dependencies, like Ford and General Motors, saw declines. Analysts remain wary of a potential recession.
US stock market today crashes but Elon Musk's Tesla, Nvidia share prices soar. Here's why
US stock market indexes -- S&P 500, Dow Jones, and Nasdaq composite -- today were witnessing flat trading. The only silver lining is the uptick in stock prices of Tesla and Nvidia.
Wall Street's $4 trillion market cap crash: That’s like wiping out almost all of India's stock market!
Wall Street’s market rout has wiped out $4 trillion in market capitalisation from the S&P 500, equivalent to the entire market value of all BSE-listed companies. This decline, driven by escalating trade tensions, inflation concerns, and uncertainty over Trump's policies, has seen the S&P 500 drop 8.6% from its February peak, highlighting deepening investor anxiety.
Japan's Nikkei touches 6-month low, tracking Wall Street's sharp fall
Japan's Nikkei index fell to a six-month low, tracking significant losses on Wall Street, but managed to regain most losses as U.S. stock futures rose. Advantest and Fast Retailing reversed losses, boosting the index, while tech investor SoftBank Group fell heavily. In contrast, the Topix index also recovered some losses after an intraday drop.
Japanese shares fall over 2% on Wall Street losses, stronger yen
Japanese shares plunged over 2% on Tuesday, influenced by Wall Street's losses amid fears of a U.S. recession and a stronger yen. The Nikkei index fell to its lowest since mid-September, while the Topix hit its lowest since late October. Exporters like Toyota and Sony saw significant declines.
Stock selloff extends to Asia on growth concerns
Australian, Japanese and South Korean shares slumped. Equity-index futures for the S&P 500 and the tech-heavy Nasdaq 100 slipped in early Asian trading, extending a decline on Monday as Wall Street tempered bullish views while demand for recession havens boosted sovereign bonds. Treasuries advanced while a gauge of the dollar slipped.
Wall Street ends sharply lower as recession fears loom
The S&P 500 had its biggest one-day drop since December 18 and the tech-loaded Nasdaq slid 4.0%, its biggest single-day percentage drop since September 2022.
Nasdaq plummets over 3%, S&P 2% as tariff woes persist; Tesla falls 8%
US stocks: Wall Street's main indexes dropped on Monday amid concerns over a potential economic slowdown due to U.S. President Donald Trump's trade policies with Mexico, Canada, and China. Sectoral declines were led by technology stocks, and major banks such as JPMorgan Chase and Goldman Sachs also saw significant losses.
Who is Howard Lutnick, the US Commerce Secretary?
Howard Lutnick, former CEO of Cantor Fitzgerald, has been appointed as the new US Commerce Secretary. He will support tariffs to protect American industries and restrict technology exports to countries like China and Russia. Concerns over his financial conflicts of interest and role in major economic initiatives persist.
Tesla’s 45% stock drop sparks panic, yet Wall Street bulls see opportunity in market shake-up
Tesla stock has plunged nearly 45% from its post-election high, causing investor concern. Despite this, Wedbush analyst Dan Ives remains optimistic, reaffirming his 'Outperform' rating with a $550 target. He cites Tesla’s strong history and the potential benefits of a deregulatory environment under Trump. Currently, the average price target for Tesla shares stands at $346.
This Fox Business anchor says a recession is coming in the U.S and Joe Biden would be responsible for that and not Donald Trump
Fox Business anchor Maria Bartiromo has cautioned about a potential recession, attributing it to former US president Joe Biden's economic policies while overlooking Donald Trump's tariff strategies. Economic indicators such as weaker job reports and stock market volatility suggest tough times ahead, with concerns that multiple rate cuts by the Federal Reserve could confirm the recession.
Wall Street ends higher after Fed chief's comments, but posts big weekly loss
The benchmark S&P 500 finished with its biggest weekly loss since September. The S&P 500 and the Nasdaq also registered their third straight week of declines, the longest losing streak since mid-July and early August last year.
Is Elon Musk using his Trump administration access to pressure advertisers into returning to X amid revenue struggles? Senators ask DOJ to investigate
Democratic senators have called on the Department of Justice to investigate Elon Musk's potential use of his government access to pressure advertisers into returning to X (formerly Twitter). This follows reports that major advertisers had suspended their ads over Musk’s controversial actions and that companies like Amazon and Apple are resuming or increasing ad spend on the platform.
Asian stocks fall ahead of US non-farm payroll data
Shares in Australia and Japan fell more than 1% in opening trade while equity index futures for Hong Kong slipped. Drops for Japanese benchmarks reflected declining risk sentiment and a Thursday rally in the yen.
5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
Bitcoin’s rise to a $2 trillion asset has forced Wall Street skeptics, including Larry Fink and Ken Griffin, to reassess their views. Larry Fink once viewed it as a money laundering tool, now his firm runs a $60 billion Bitcoin ETF. While Jamie Dimon remains critical, institutions' adoption signals a growing acceptance of cryptocurrency in global finance.
Wall Street ends higher as markets eye easing of trade tensions
Wall Street indexes rose on Wednesday amid hopes of easing US trade tensions, especially from the postponement of auto tariffs on Canada and Mexico. Early optimism from an ISM services report was tempered by increased input prices and slow private payroll growth. Major gainers included car companies like Ford and General Motors, while Intel and CrowdStrike saw declines.
Trump is signaling possible rollback of Mexico and Canada tariffs, but consumers are still confused about the situation, here's all you need know
Commerce Secretary Howard Lutnick is of the opinion that Donald Trump may again begin a rollback on the tariffs imposed on Mexico and Canada, even though he is still stressing upon its importance
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