Stocks plunged a day after a historic gain. The White House confirmed China's tariff rate was higher than initially thought, at 145%.
"Queasy" investors played a part in President Donald Trump's decision to postpone some tariffs. Wall Street is still worried about the economic fallout.
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2025-04-07T21:36:30Z
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Donald Trump's tariffs are destabilizing the market and caused the S&P 500 index to drop as much as 5% on April 7th before trimming losses.
Some of the most enduringly bullish stock forecasters are changing their tunes amid three days of market chaos brought on by the trade war.
"This is not what we voted for," Ackman wrote on X. The investor backed Trump in the election but says the trade war could cause great economic harm.
While tariffs are front and center for markets, a handful of other issues is weighing on investor confidence as the second quarter kicks off.
Goldman Sachs cut its S&P 500 target and raised its recession forecast. The bank now sees a 35% chance of a recession in the next 12 months.
Data on Friday stoked fresh fears of an inflation surge right as Trump's trade war is escalating, with the market approaching a key April 2 tariff date.
Wall Street's forecasts are darkening amid economic uncertainty and tariff concerns. A slew of banks have slashed their outlook for stocks in recent weeks.
Foreign capital fled China's markets last year amid economic woes and Beijing's stiff approach to its tech sector. Sources say a lot has changed in 2025.
The benchmark S&P 500 closed down 10% from its February peak. The whirlwind of tariff announcements in recent weeks have hammered investor confidence.
Goldman's chief US equity strategist lowered his year-end price target for the S&P 500, but said there's a path to recovery for stocks.
Recession chatter is still making the rounds on Wall Street, but cooler inflation is quelling fears of a dire scenario for the Fed.
The pain continued for investors on Tuesday, with the Dow falling as much as 700 points after Trump threatened fresh tariffs on Canadian metal imports.
Volatile trading this week as investors react to Trump's tariffs has pushed the S&P 500 and the Nasdaq 100 to an important technical threshold.
The S&P 500 and the Nasdaq tumbled after Trump's tariffs went into effect. The dollar also bucked expectations, dropping as trade-war fears climbed.
Trump often pointed to gains in stocks as evidence of his success during his first term. Now he isn't flinching from tariffs even as markets tank.
We are getting hit with all the bad before the good, said Julia Coronado.
From Trump tariffs to AI overconfidence, investors are ignoring a lot of worries right now. That could be a dangerous sign for the stock market.
Warren Buffett's Berkshire Hathaway reduced its Bank of America stake to less than 9% and pared bets on Citigroup and Capital One last quarter.