American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Wall Street slumps as Trump’s tariff turmoil continues to weigh on markets

by admin March 12, 2025
March 12, 2025
Wall Street slumps as Trump’s tariff turmoil continues to weigh on markets

The market ended Tuesday’s session lower despite staging a partial recovery in the final hour of trading.

Concerns about the global economic outlook and fears of a potential recession, driven by ongoing trade tensions, weighed on investor sentiment throughout the day.

The Dow Jones Industrial Average dropped 478.23 points, or 1.14%, to close at 41,433.48.

The index fluctuated significantly during the session, hitting a low of 41,175.37 and reaching as high as 41,868.27 before settling lower.

The S&P 500 declined 42.49 points, or 0.76%, to finish at 5,572.07.

Meanwhile, the Nasdaq Composite slipped 32.23 points, or 0.18%, to 17,436.10. The tech-heavy index had rebounded to 17,687.40 in the final hour, recovering from an earlier low of 17,238.24.

President Donald Trump downplayed concerns about the recent market decline, stating, “Markets are going to go up and they’re going to go down but, you know what, we have to rebuild our country.”

His comments came after the Dow fell 890 points and the S&P 500 dropped 2.7% on Monday.

During a Fox News interview on Sunday, Trump declined to rule out the possibility of a recession, which added to investor concerns.

Markets show some signs of recovery

Investor sentiment showed signs of improvement late in the session after President Donald Trump signaled a possible reversal of his plan to double tariffs on Canadian steel and aluminum.

The shift followed Ontario Premier Doug Ford’s decision to suspend a proposed 25% surcharge on electricity exports to the US.

Ford’s announcement came ahead of a scheduled meeting on Thursday between U.S. Commerce Secretary Howard Lutnick and Ford to discuss the North American trade agreement.

A senior White House official confirmed that the higher tariffs on Canadian steel and aluminum imports would not take effect as initially planned, providing a brief lift to the markets.

Despite the late-day recovery, broader concerns about economic growth persisted.

The Labor Department reported that US job openings rose to 7.74 million in January, exceeding expectations and improving from a downwardly revised figure of 7.51 million in December.

Economists had forecast a smaller increase to 7.63 million.

Investors are now awaiting key economic data later in the week, including reports on consumer and producer price inflation, as well as consumer sentiment and inflation expectations, which could offer further insights into the economic outlook.

Movers on Tuesday

Delta Air Lines cut its earnings outlook on Tuesday, citing weaker US demand, which added to recession concerns and pushed its stock down 7.3%.

Travel-related stocks followed suit, with Disney and Airbnb both dropping 5%.

Several other major stocks also faced declines, including Verizon, Moderna, ResMed, Texas Instruments, IBM, Apple, Oracle, and Chevron.

In contrast, Southwest Airlines rose 8% after announcing plans to introduce a new basic fare tier.

Tesla gained over 3%, while Boeing, Netflix, Micron Technology, Salesforce, Wells Fargo, and Amazon also ended the day with gains.

The post Wall Street slumps as Trump’s tariff turmoil continues to weigh on markets appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Asian markets update: Stocks rise despite Wall Street’s tariff turmoil
next post
President Trump reconsiders 50% tariff hike as Ontario pauses energy charge

Related Posts

Asian markets open: Nikkei down; Bank of Korea...

July 10, 2025

Asian markets mixed as US inflation data and...

January 14, 2025

Capital One to acquire Discover Financial Services in...

February 21, 2024

S&P 500 closes above 5,600 for the first...

July 12, 2024

Oilfield services sector set to stay resilient in...

December 6, 2024

Here’s why the DAX index surged to ATH...

September 27, 2024

Ban or sale? TikTok faces pivotal Supreme Court...

January 11, 2025

Europe markets open: stocks eye higher start; Mediobanca...

April 28, 2025

Orsted shares plunge 27% as US wind project...

August 11, 2025

Is Novo Nordisk falling behind Eli Lilly in...

April 22, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • FBI raid on John Bolton’s home in Washington linked to classified documents

      August 25, 2025
    • Argentine senate deals blow to Milei’s austerity agenda with university budget boost

      August 25, 2025
    • Jackson Hole Symposium: what Powell said about economic effects of Trump’s tariffs

      August 25, 2025
    • At Jackson Hole, Fed Chair Powell signals possible cuts while warning of uncertainty

      August 25, 2025
    • Trump threatens to fire Fed Governor Lisa Cook amid mortgage fraud allegations

      August 25, 2025

    Categories

    • Business (3,753)
    • Investing (2,776)
    • Latest News (2,048)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved