Trump’s Tariff Threats Weigh on Stocks
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Considerable on MSNStock futures fall after tariff announcementStock futures fell Monday following the U.S. government’s announcement that tariffs are set to go into effect Aug. 1. The Dow Jones Industrial Average futures slid by 53 points, or 0.1%, while the S&P 500 and Nasdaq 100 futures dipped 0.
World shares are mostly higher, with financial markets shrugging off U.S. tariff pressures on its trading partners.
Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.
“Record highs and a low VIX signals markets have already priced in perfection — a soft landing and a clean unwind of tariff risks — which feels wildly out of sync with the real-world picture,” said Hebe Chen, an analyst at Vantage Markets in Sydney. “A pullback is very much on the table, with the S&P 500 glued to overbought territory,” she said.
The market chaos unleashed by Donald Trump’s trade war continued for a third day as stocks, bonds and commodities all swung wildly, buffeted by both fears of a recession and speculation the ...
Wall Street is mixed in quiet trading as markets appeared to shrug off a new U.S. tariff deadline for trading partners.
The American Enterprise Institute recalculated rates based on correct numbers, and no tariff exceeded 14% The tariff announcement from the White House that led to the biggest weekly drop in the ...
To say that the stock market is having a negative reaction to President Donald Trump's reciprocal tariffs would be a major understatement. The S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite ...
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