Here's How Many Americans Own Stocks
Stocks have been hit hard. That’s cut into the wealth of a broad swath of Americans.
Stocks have been hit hard. That’s cut into the wealth of a broad swath of Americans.
Wild swings dominated Wall Street's trading session on Monday with the market catapulting from an early drop that had dragged it 20% below its record to a sudden rise, only to revert to losses as worries remain about whether President Donald Trump’s trade war will torpedo the global economy.View on euronews
US stocks fell further as tariff fears deepened, with the S&P 500 entering bear market territory. Trump defended new trade barriers, while Europe signalled openness to talks. Recession risks rose, and investors shifted to defensive sectors.View on euronews
Billionaires are feeling the burn amid the fallout from Trump’s tariff announcement—with the stock market crash resulting in names like Warren Buffett, Larry Ellison, and Mark Zuckerberg all losing billions in wealth in just hours.
Wall Street is coming off its worst week since the advent of the pandemic, shedding over $5 trillion in value amid Trump's tariff plans.
The Magnificent 7 tech stocks continued their sell off Monday as the Trump administration’s global tariff plan rocked markets.
Bill Ackman, the billionaire CEO of hedge fund Pershing Square and one of President Donald Trump's most fervent supporters on Wall Street, on Sunday criticized his "massive and disproportionate tariffs" on key U.S. trading partners and urged him to call a "90-day time out" to allow for negotiations.
(Bloomberg) -- Bill Ackman said the US is “heading for a self-induced, economic nuclear winter.” Boaz Weinstein predicted the “avalanche has really just started.” And Jamie Dimon warned it “may be disastrous in the long run.”Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsTrump Order
Wall Street's main indexes reversed course and moved sharply higher after White House economic adviser Kevin Hassett said in an interview that President Donald Trump was considering a 90-day tariff pause on all countries expect China. At 10:20 a.m. the Dow Jones Industrial Average rose 333.50 points, or 0.87%, to 38,614.49, the S&P 500 gained 79.99 points, or 1.69%, to 5,154.07 and the Nasdaq Composite gained 362.69 points, or 2.33%, to 15,950.47.
Oppenheimer reduced its target for the benchmark index to 5,950 from 7,100 target, while BofA reduced to 5,600 from 6,666, making it one of the lowest on Wall Street. The S&P 500 index slumped further on Monday and was down more than 20% from its all-time high, putting the benchmark index on track to confirm a bear market.