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Recent Articles from By STAN CHOE AP Business Writer
S&P 500 soars 9.5% to one of its biggest gains since WWII after Trump pauses most tariffs
NEW YORK (AP) — Stocks surged to one of their biggest gains since World War II after President Donald Trump paused his tariffs against most other nations, as investors had desperately hoped he would. The S&P 500 soared 9.5% Wednesday. The index is still below where it was when Trump announced his sweeping set of […]
US stocks drop after another stunning day of reversals as uncertainty reigns about Trump’s tariffs
NEW YORK (AP) — U.S. stocks dropped after a second day of stunning reversals. The S&P 500 fell 1.6% Tuesday after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February. The Dow Jones Industrial […]
Wall Street could be headed for a bear market. Here’s what that means
NEW YORK (AP) — 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. The last bear market happened in 2022, but this decline feels more like the sudden, turbulent bear market of 2020, when […]
Sell-off worsens worldwide and Dow drops 1,700 after China retaliates against Trump tariffs
NEW YORK (AP) — Stock markets worldwide are careening even lower Friday after China matched President Donald Trump‘s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The S&P 500 was down 4.8% in afternoon trading, after […]
Sell-off worsens worldwide and Dow drops 1,200 after China retaliates against Trump tariffs
NEW YORK (AP) — Stock markets worldwide are careening even lower Friday after China matched President Donald Trump‘s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The S&P 500 was down 3.5% in morning trading, coming […]
Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock
NEW YORK (AP) — Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump‘s newest set of tariffs could do to economies across continents, including his own. The S&P 500 sank 4.8%, more than in major markets across Asia and Europe, for its worst […]
Stock market today: Wall Street rises in another jittery day ahead of Trump’s tariff announcement
NEW YORK (AP) — U.S. stocks whipped through another dizzying day Wednesday in the final hours before President Donald Trump’s unveiling of the tariffs promised as part of his “ Liberation Day,” which could drastically remake the global economy. The S&P 500 rose 0.7%, but only after careening between an earlier loss of 1.1% and a later gain of 1.1%. […]
Stock market today: More swerves hit Wall Street as Trump’s “Liberation Day” nears
NEW YORK (AP) — U.S. stocks are swerving through another shaky day of trading Tuesday, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day” coming Wednesday. The S&P 500 was down by 0.2% in afternoon trading after trimming an early drop of 1%. The Dow Jones Industrial Average was down […]
Stock markets fall worldwide as Trump’s ‘Liberation Day’ approaches
NEW YORK (AP) — President Donald Trump‘s “Liberation Day” is fast approaching, and stock markets from Wall Street to Wellington, New Zealand, are falling Monday in advance of it. In New York, the S&P 500 was down 0.4% following one of its worst losses of the past couple of years on Friday. It’s on track […]
Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy, higher inflation
NEW YORK (AP) — Another wipeout is swamping Wall Street Friday on worries about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war. The S&P 500 was down 2% in afternoon trading and on track for one of its worst days of the last two years. It’s […]
