The tech-heavy Nasdaq's $1 trillion sell-off, in charts
The 4% drop in the Nasdaq on Monday marked its worst day in years as Trump refused to rule out recession.
Tariffs topple stocks, no sign of 'Trump put'
U.S. stocks finally caught up overnight with what currency and bond markets have been saying for several weeks: A slowdown is coming. Tesla shares have halved since their post-election peaks and the dollar, which had been rising in anticipation of Donald Trump's policies, has now begun sliding as he slaps tariffs on his neighbours. Citi downgraded its U.S. asset allocation recommendation, cutting stocks to "neutral" from "overweight" after the market closed, saying that for the next few months at least it's not clear that the U.S. economy's outperformance can continue.
Magnificent 7 wipeout: The market's favorite stocks are getting crushed today
All seven tech darlings tanked on Monday, pushing the Nasdaq down 3%.
Asian shares dip in an echo of Wall Street's sell-off amid alarm over Trump's tariffs
Asian benchmarks skidded on Tuesday, as worries grew about ripple effects of President Donald Trump's tariffs on regional economies and companies. Japan's benchmark Nikkei 225 sank 0.8% to 36,793.11, its lowest close in six months but up from a more than 2% loss earlier in the day. “Heightened anxiety surrounds both existing and incoming U.S. tariffs, along with retaliatory measures from trading partners, and China’s newly effective tariffs will continue to weigh on equities,” said Anderson Alves, a trader at ActivTrades.
Bitcoin, Ether Teeter as US Stock Selloff Weighs on Crypto
(Bloomberg) -- Cryptocurrencies slid as fears over a selloff in US equities eclipsed President Donald Trump’s recent efforts to buttress the industry. Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroBi
Watch These Tesla Price Levels as Stock Plunges to Pre-Election Levels
Tesla Shares Have Fallen 55% From Their Record High in Mid-December
Asian stocks slide as US growth worries grip markets
SINGAPORE (Reuters) -Asian stocks fell sharply on Tuesday as a market selloff extended on mounting worries that a wide-ranging trade war could dent U.S. economic growth and lead to a recession, sending skittish investors to the safe-haven Japanese yen. Investor concerns about the potential economic slowdown were exacerbated after President Donald Trump in a Fox News interview talked about a "period of transition" while declining to predict whether his tariffs would result in a U.S. recession.
Citi cuts recommendation for US stocks as recession fears hit, lifts view on China
SINGAPORE (Reuters) -Citi analysts cut their recommendation for U.S. stocks to "neutral" from "overweight" on Monday after recession fears pummelled the market, arguing that the U.S. economy may no longer outpace the rest of the world in the coming months. At the same time, they upgraded their view on China to "overweight" from "neutral".
Oil edges higher, but recession fears and tariffs limit gains
NEW YORK (Reuters) -Oil prices rose less than 1% on Tuesday, helped by weakness in the dollar, although gains were capped as concerns mounted over a U.S. slowdown and the impact of tariffs on global economic growth. Oil prices, however, pared back some gains after U.S. President Donald Trump said on Tuesday he has instructed his commerce secretary to add an additional 25% tariff on all steel and aluminum imports from Canada, bringing the total tariff on those products to 50%. Trump's protectionist policies have shaken global markets, imposing and delaying tariffs on major oil suppliers Canada and Mexico, while also raising duties on China, prompting retaliatory measures.
Watch this level for when the US stock sell-off could end
Morgan Stanley has been one of the most bearish firms on Wall Street, and it's been proven right lately.