|
|
|
|
|
|
 |
|
|
|
| |
U.S.
Stocks
plunge
as
sweeping
tariffs
spark
global
market
turmoil
Charles
Mosley -
Business/Money
Tell Us
USA News
Network
NEW YORK
- The
ripple
effects
of the
tariffs
were
felt
across
global
markets.
The
dollar
hit its
lowest
level
this
year,
reflecting
fears
about a
dampened
growth
outlook
and
reduced
international
investment
flows
into the
country.
Prominent
stocks
such as
Apple,
Amazon,
and Nike
experienced
early
losses,
with
Nike
falling
11% and
the
others
slipping
by high
single
digits.
This
reflects
market
expectations
of
significant
impacts
on these
companies’
operations
due to
heavy
tariffs
imposed
on
countries
where
they
outsource
production.
The
fallout
extended
further:
oil
prices
dropped
over 6%,
while
gold—a
favored
safe-haven
asset—saw
selling
pressure
after a
year-long
rally.
Despite
the
shock
caused
by the
tariff
announcement,
traders
noted
that the
sell-off
has
remained
relatively
orderly.
Following
the
substantial
gains in
U.S.
markets
over the
past two
years,
the
pullback
wasn’t
entirely
unexpected.
Still,
Thursday's
developments
are
setting
the
stage
for one
of the
most
dramatic
trading
days in
recent
times.
While
2025 has
been
marked
by
optimism
about
global
growth
and the
appeal
of U.S.
markets,
the
tariffs
and
international
response
will be
a test
of
investor
sentiment.
The
day’s
market
activity
may
offer
insights
into
whether
confidence
in this
outlook
is
shifting.
|
|
|
|
|
|
|
|
|
I
HI TECH NEWS
I
SPORTS
I
