Tech-heavy Nasdaq sinks 4.3% Thursday after Trump imposes 145% tariffs on Chinese imports
- Wednesday Stocks On a day after the shares invaded the sale President Donald Trump has corrected the total tariff exchange rate imposed on China to 145%. The indexes fell through the board and the dollar has seen its worst slip since 2022. Expects Friday as Wells Fargo:Jpmorgan, and Morgan Stanley release their quarterly earnings.
The reserves resumed their decline on Thursday, President Donald Trump was drawn on Wednesday, which was compiled on November 90, a 90-day break out of some tariffs for the Liberation Day.
S & P 500 slip 3.46% closing at 5,268.05, meanwhile Defame Jones Industrial Mejor sold by 2.5% and closed at 39,593.66. Technological hard Nsdak He passed by 4.31% to 16,387.31.
Tech Giants have made a noticeable decline. Visitation aeration of Apple Accordingly, it decreased by 7.3% and 4.2%. Whereas Meta Platforms: lost almost 7% and Nvidia pulled back about 6%.
Although, Trump said that the total tariff plans imposed in China reached 145%, which was considered 125%.
Later, Trump said he would not rule out that his tariff pause lasted in the last 90 days.
“We need to see what happens then,” Trump said during the government session.
In addition, the US dollar was the worst day since 2022, it falls 1.46%, meanwhile Gold prices Thursday in a row rose by 3% as investors are looking for security through cold US-China trade.
“Investors have been sober up,” said Melissa Brown, director of Symbkorph’s applied research. CNBC:A number “Uncertainty is a big problem, because tomorrow’s 145% interest rate can be any other number.”
“It is very difficult to call a floor or peaks, as things have changed so much in the perceptions of historical and investors.”
Label follows Wednesday, where the S & P 500 has increased by more than 9%, the third largest in World War II. Nsd saw his second best day since January 2001, while the Dow has recorded its largest percentage income since 2020.
In addition, JPMorgan, Wells Fargo and Morgan Stanley They planned to report on Friday about the results of their first quarter. Commentary on the commentary on tariffs and their predictions about how they affect their companies will be under a special examination, as the bank’s shares are in the market.
This story was originally shown Fortune.com
English