Stock market today: S&P 500 enters correction, Dow sinks 500 points amid Trump's latest tariff threats
The risk of government shutdown adds more worry for markets already grappling with Trump's tariff onslaught.
Treasuries Rise as Slide in US Stocks Fuels Demand for Havens
(Bloomberg) -- Investors flocked to US government bonds Thursday as ebbing expectations for American economic growth weighed on stocks.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureThe rally averted a third straight daily loss
Purple (NASDAQ:PRPL) Reports Q4 In Line With Expectations, Stock Jumps 20.6%
Bedding and comfort retailer Purple (NASDAQ:PRPL) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 11.6% year on year to $129 million. On the other hand, next quarter’s revenue guidance of $104.5 million was less impressive, coming in 10.8% below analysts’ estimates. Its non-GAAP loss of $0.07 per share was 14% above analysts’ consensus estimates.
A 10% drop for stocks is scary, but isn't that rare
The U.S. stock market has just dropped 10% from its high set last month, hurt by worries about the economy and a global trade war. T he fall for the S&P 500 is steep enough that Wall Street has a name for it: a “correction.” Such drops have happened regularly for more than a century, and market pros often view them as potentially healthy wipeouts of overdone euphoria, which could send stock prices too high if unchecked.
Dow slides and S&P 500 closes in correction as Trump’s trade war escalates
US stocks slid Thursday and the S&P 500 closed in correction, down more than 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union.
Stocks Tumble Into Correction as Trump Policies Roil Sentiment
(Bloomberg) -- Tariff worries rattled Wall Street again Thursday, pushing the S&P 500 into a correction that left it at the lowest in six months.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureThe S&P 500 fell 1.4% on the day, b
Argentina seeks arrest of U.S. crypto figure tied to Melania and Milei cryptocurrencies
Hayden Adams claimed to be one of the key actors behind the launch of Javier Milei’s memecoin in February.
Why Intel’s New CEO Has Wall Street Excited
Intel shares surged Thursday after the struggling chipmaker named Lip-Bu Tan its new CEO, raising hopes for a turnaround.
Bank of France Chief Says Trump Economic Policy Is a ‘Tragedy’
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureFrance’s central bank chief slammed Donald Trump’s policies as a “tragedy” for the world’s
S&P 500 Falls Into First Correction Since 2023
The S&P 500 entered a correction on Thursday as stocks continued to sell off amid growth concerns.