Stocks plunge on Trump Tariffs
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The S&P 500 just recorded its worst month since 2022, shedding 5.8 percent in March.
From The New York Times
Shares slid again on Friday as markets continued to react to the uncertainty surrounding the economic impact of US tariffs.
From BBC
Traders are concerned about the global economic impact of Trump's tariffs, which they fear could stoke inflation and stall growth.
From BBC
Read more on News Digest
Investors did not get the rebound from Thursday’s historic losses they may have hoped for, as stocks again slid considerably as the market digests President Donald Trump’s tariffs while China, the world’s second-largest economy,
4hon MSN
To be sure, bank stocks could be rather volatile in the turbulent market times. But with shares down 25% from the 2025 peak and at a valuation of just 10.5 times forward earnings estimates, Wells Fargo could be worth a closer look for patient investors.
Shares of the companies spun off from the former industrial icon General Electric were all tanking Friday, led by medical device maker GE HealthCare, on investor fears that they would be hurt by Beijing’s retaliatory levies countering President Donald Trump’s tariffs.
Shares of U.S. refiners fell to two-year lows on Friday in the wake of U.S. President Trump's announcement of new tariffs, as fears of slower oil and fuel demand and weakening refining margins rattled investors.
Airline stocks were among the hardest hit by Donald Trump's tariff announcement. Demand has been waning, but analysts expect airfares to rise.
As stocks continued to slide after markets opened, President Trump is speaking at a $1 million dollar-a-person candlelight dinner Friday at Mar-a-Lago, according to an invitation reviewed by CBS News. The fundraiser is for MAGA Inc, a super PAC that supports Mr. Trump.
At first glance, the big U.S. banks might not seem to have much to worry about from tariffs. However, they could be impacted more than you may think.
Materials used in home building such as lumber and copper were excluded from the Trump tariffs but the administration said they will covered separately.