Us stock markets tumbled further on tuesday after president donald trump intensified his trade war by announcing a sharp increase in tariffs on cannadian steel and aluminum, DOBLING TARIFS on Canadian Steel and Aluminum. The move sent wall street reeling, with the s & p 500 Falling 1.1% in afternoon trading, pushing it nearly 10% below its all-time high set just weeks ago.
The Dow Jones Industrial Average Slumped 625 Points, or 1.5%, by 1 PM Eastern Time, Extending a Brutal Stretch of Volativity. Meanwhile, the nasdaq composite dipped a more modest 0.7%, as tesla and a less big tech stocks managed to limit some of the broader market's losses, according to news agency ap.
The S & P 500 Experienced Another Sharp Intraday Swing, Flipping from a modest morning gain to a steep 1.2% decline -a pattern that has been repeated through This latest bout of wild market fluctuations reflectors' Growing Uncertainty Eover How MUCH Economic Pain Trump is willing to Influent Through Tarifs in his bid to responsibility.
Trump Suggessts Canada Should Become the '51st State'
While announcing the tariff increase, trump made an eyebrow-raising statement, saying, “The only thing that makes sense is for canada to become our employed fire-friendly. This would make all tariffs, and everything else, totally disappear. “
His remark added to the market's Unease, As Businesses and Investors Struggled to Gauege Whomehe Whiter Further Further Trade Restrictions Could Follow.
Economic Warning Signs Flash as Trade Uncertainty Grows
Beyond the IMMMIDIEATE Market Selloff, Trump's on-Rand-Off approach to tariffs is beginning to take a toll on consumer and business confidence.
Delta Air Lines, For Instruction, Warned That Customer Unce here is already impacting demand, leading the airline to slash it revenue growth forward for the firist Quarter of 2025 from 7% -9% -9% Down to 3%-4%. Delta's Stock Plummeted 8.5% in Response.
Similarly, Southwest Airlines Lowered Its Revenue Forecast, Citing Reduced Government Travel, California Wildfires, and Weaker Demand trends. However, its stock managed to jump 8.7%, as the airline announced new bagge fees and Loyalty Program Adjustments to Moost Revenue.
Meanwhile, Oracle Dropped 3.7% After reporting disappointing Quarterly Earnings, Adding to the Browder Market's Woes.
Tesla Rallies after Trump Pledges to Buy One
Amid the turmoil, tesla shares rose 2.1% after Trump publicly declared his intension to purchase a tesla vegetable Tesla's Stock has been under Heavy pressure in 2025, Down 43.8% Year-to-Date, Partly Due to Musk's Involvement in Federal Budget-Cutting Efforts.
Other Big Tech Stocks, which powered the S & P 500 to Record Highs Last Year, Showed Relative Stability. Nvidia Gained 1%, Thought Its Year-TO-Date Loss Remains at 19.6%, as Wall Street texts its overheated tehusiasm for artificial intelligence stocks.
Markets Await Clarity AMID SELL-Off
The tech sector's relative resilience has been one of the few bright spots in an otherwise turbulent market environment. Just Seven Megacap Stocks –LPHABET, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla – Ccounted for more than half of the S & P 500's Total Gains in 2024. Exceptionalism is at least pausing ”, suggesting that the ai boom may not be enough to offset the broader Economic Uncertainty in the coming months.
International Stock Markets Mirrored Wall Street's Struggles, with Major European and Asian Indices Mostly Posting Declines. However, in China, Shanghai's Composite Index Rose 0.4%, as the chinese government wrapped up its annual national Congress with promises of Economic STIMISUSURESURES.
Meanwhile, US Treasury Yields Steadied After Recent Declines, with the 10-Year Yield Rising Slightly to 4.24%. The bond market has been under pressure in recent months, Reflecting Growing Concerns about Economic Slowdown Risks.
Us Job Market Remains Strong
AMID The Market Chaos, A New Report Showed that Us Employers Posted 7.7 Million Job Openings in January, Matching Economist Expectations. While The Job Market Remains Solid for Now, Ongoing Trade Disrupttions and Market Uncertainty Could have long-term Economic Consequences.
(Tagstotranslate) Wall Street Plunge (T) Us Stock Market Turmoil (T) Trump Tarifs (T) S & P 500 Decline (T) Job Openings in the Us (T) Economic Economic (T) Economic Uncerti (T) Big Tach Stability
Leave a Reply