Markets plunge as Trump tariffs trigger worst Wall Street drop since 2020 - BNO News
U.S. markets fell sharply on Thursday in a broad selloff driven by heavy losses in major technology stocks and mounting fears over the economic impact of President Donald Trump’s newly announced tariffs. It was Wall Street’s worst day since the early months of the COVID-19 pandemic in 2020, according to preliminary data. The Dow Jones […]
U.S. markets fell sharply on Thursday in a broad selloff driven by heavy losses in major technology stocks and mounting fears over the economic impact of President Donald Trump’s newly announced tariffs. It was Wall Street’s worst day since the early months of the COVID-19 pandemic in 2020, according to preliminary data.
The Dow Jones Industrial Average closed down 1,679.39 points, or 3.98%, at 40,545.93. The S&P 500 fell 277.74 points, or 4.90%, to 5,393.23. The Nasdaq 100 dropped 5.4%, or more than 1,060 points.
Shares of major tech and automotive companies were hit especially hard, with Apple falling 9.25% to $203, Amazon down 8.98% to $178, Meta losing 8.96% to $531.60, Nvidia down 7.81% to $101.80, Tesla down 5.47% to $267.28, and Ford off 5.96% to $9.55.
According to MarketWatch, the group known as the “Magnificent Seven” was collectively on pace to lose over $1 trillion in market capitalization—the largest one-day valuation drop ever recorded for the group.
Article continues below the playerNike also plunged 14.4% to $55.58, with analysts citing concerns over its manufacturing operations in Vietnam—one of the countries hit with the highest tariffs under the new trade policy.
The selloff followed Trump’s announcement on Wednesday of sweeping reciprocal tariffs, which will impose new import taxes on more than 180 countries and territories, including major trading partners such as the European Union, Japan, South Korea, and China.
The initial baseline tariffs are set to take effect after midnight Saturday, with higher, country-specific duties beginning April 9. The move sparked fears that the measures could stifle trade and slow global economic growth.
U.S. oil prices also reacted sharply, falling 6.6% on Thursday for the largest daily drop since July 2022. Analysts attributed the decline to expectations that the tariffs could reduce overall economic activity and weaken demand for fuel.
European markets were similarly rattled by the developments. According to CNN, the benchmark STOXX 600 index in Europe fell 2.57%, erasing its gains for the year. Germany’s DAX dropped 3%, France’s CAC 40 fell 3.31%—its worst day since July 2023—and Italy’s FTSE MIB plunged 3.6%.
Thursday’s market turmoil comes after Trump declared April 2 “Liberation Day,” calling the new tariffs a “declaration of economic independence.” He said said the new trade policy is designed to counter decades of unfair treatment and to revitalize domestic manufacturing.
Advertisment1Trump insisted the tariffs are not meant to punish foreign nations, but to correct what he described as catastrophic trade decisions by previous U.S. administrations.
LONDON (AP) — British police on Friday charged comedian Russell Brand with rape and sexual assault after an investigation sparked by complaints from several women.London’s Metropolitan PoliceRead More
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 — British police on Friday charged comedian Russell Brand with rape and sexual assault after an investigation sparked by complaints from several women.London’s Metropolitan PoliceRead More %23russellbrand) |
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London’s Metropolitan Police force said Brand, 50, faces one count of rape, one of indecent assault, one of oral rape and two of sexual assault.
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Comedian Russell Brand was charged Friday with rape and sexual assault. The charges came after an investigation by British police into complaints made by multiple women.
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Manchester City playmaker Kevin De Bruyne announced on Friday that he'll leave the Premier League champions at the end of the season, but the exact date of his departure remains undecided
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President Donald Trump had a "covfefe" moment Friday when he posted to Truth Social about the better-than-expected jobs numbers and tried to encourage Americans to keep the faith. That's when his keyboard got him into a bit of trouble."GREAT JOBS NUMBERS, FAR BETTER THAN EXPECTED. IT'S ALREADY WORKI...
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LONDON (AP) — British police on Friday charged comedian Russell Brand with rape and sexual assault after an investigation sparked by complaints from several women.London’s Metropolitan PoliceRead More
Read more >> : Cick here
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 — British police on Friday charged comedian Russell Brand with rape and sexual assault after an investigation sparked by complaints from several women.London’s Metropolitan PoliceRead More %23russellbrand) |
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The charges relate to four separate women and alleged incidents that took place between 1999 and 2005.
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LONDON (AP) — British police on Friday charged comedian Russell Brand with rape and sexual assault after an investigation sparked by complaints from several women.London’s Metropolitan PoliceRead More
Read more >> : Cick here
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 — British police on Friday charged comedian Russell Brand with rape and sexual assault after an investigation sparked by complaints from several women.London’s Metropolitan PoliceRead More %23russellbrand) |
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The comedian has been charged following numerous allegations of historic sexual misconduct.
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British comedian Russell Brand has been charged with with rape and assault by police in the U.K.
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Brand, 50, will appear at Westminster Magistrates’ Court on Friday May 2
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Russell Brand is charged with one count of rape, one count of indecent assault, one count of oral rape, and two counts of sexual assault.
Read more >> : Cick here
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British police on Friday charged comedian Russell Brand with rape and sexual assault after an investigation sparked by complaints from several women.
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GB News had a major technical blunder as they reported on Russell Brand being charged with counts of rape and sexual assault.
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British police on Friday charged comedian Russell Brand with rape and sexual assault after an investigation sparked by complaints from several women.
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Twitter (X), Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service
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