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Recent Articles from By STAN CHOE AP Business Writer
US stocks climb in shaky trading but the US dollar and government bonds sink as trade-war fears rise
NEW YORK (AP) — U.S. stocks are climbing in shaky trading Friday as President Donald Trump‘s trade war with China escalates further and U.S. households get more worried about it. Gold’s price is rising, the U.S. dollar’s value is falling and other financial markets are also swinging in indications of fear about where the U.S. economy will ultimately fit in the worldR[...]
US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war
NEW YORK (AP) — U.S. stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump‘s trade war continues to threaten the economy. The S&P 500 tumbled 3.5%, slicing into Wednesday’s surge of 9.5% following Trump‘s decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, [...]
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 […]
