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Stock market plummets on China tariff news

Dow drops 1800 points, Nasdaq enters bear market as Trump tariffs spark trade-war fears and market upheaval.

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Dow drops 1800 points, Nasdaq enters bear market as Trump tariffs spark trade-war fears and market upheaval.

In Short

Wall Street faced major losses, with the Dow Jones plummeting 1,800 points due to escalating trade tensions and new tariffs from China.

Analysts now predict a 60% chance of recession as investor confidence wanes despite a strong jobs report.

On Friday, Wall Street experienced significant losses, with the Dow Jones dropping around 1,800 points and the S&P 500 declining by 5%. The Nasdaq entered bear market territory, marking a 20% decline from its peak.

Pressure from escalating trade tensions intensified as China announced a 34% tariff on U.S. imports, which sparked fears that a global trade resolution is unlikely.

Federal Reserve Chair Jerome Powell indicated that the U.S. economy may face higher prices and subdued growth due to the recent tariff increases.

The extensive selling activity highlighted the market’s reaction to the unexpected severity of the new tariffs. Over two dozen S&P 500 stocks fell by more than 10%, contributing to a market-wide loss exceeding $6 trillion over two days.

Analysts from JPMorgan raised their recession probability forecast to 60%, as investor sentiment soured and uncertainties grew.

Potential deals

Despite President Trump’s optimistic remarks about potential deals, he announced new tariffs on drugs and microchips, causing further apprehension.

A strong jobs report showing 228,000 new jobs did little to bolster investor confidence amid tariff-related uncertainties.

While U.S. indices opened lower, they experienced a modest recovery after reports of Vietnam’s interest in reducing tariffs.

European markets also suffered, dropping over 4%.

Investors have increased bets on interest rate cuts, and oil prices fell to their lowest levels since 2021. The dollar rebounded slightly but remains weak overall.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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