Image from the original article. Source: Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022 | CNN Business
Key Facts: US Stocks Plunge Amid Inflation and Tariff Fears
Mar 28 · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnn.com
Summary created with AI assistance · Source: cnn.com
- US stocks plummeted as investors reacted to stubborn inflation data and declining consumer sentiment.
- The Dow dropped 716 points, while the S&P 500 is on course for its worst quarter since 2022.
- Tariff concerns over new auto tariffs intensified market uncertainty and triggered a sell-off.
- Analysts lowered their year-end targets for the S&P 500, while gold prices surged as a safe haven.
"We think the proposed tariffs as announced would deliver a big hit to the auto industry, stoking higher costs, higher prices and a sharp decline in US sales."— Solita Marcelli, Chief Investment Officer for the Americas at UBS Global Wealth Management, in a note Thursday.
News on this topic
Stock Market Today: Dow, S&P 500 and Nasdaq Drop on Tariff, Inflation Worries —Live Updates
wsj.com/livecoverage/stock-market-today-dow-nasdaq-sp500-03-28-2025
Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022
cnn.com/2025/03/28/investing/us-stocks-tariff-uncertainty-volatility/
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Key Facts: Trump Considers Dismissing Fed Chair Powell
3h · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
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Summary created with AI assistance · Source: businessinsider.com
Summary created with AI assistance · Source: businessinsider.com
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Summary created with AI assistance · Source: investors.com
Summary created with AI assistance · Source: investors.com
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Apr 17 · Reading time: ~45 sec.
Summary created with AI assistance · Source: ft.com
Summary created with AI assistance · Source: ft.com
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Paid articlePaywallASX braces for $100 billion-plus wipeout after Wall Street meltdown: The stage is set for a horrific day on the Australian sharemarket on Monday as markets ...
smh.com.au/business/markets/asx-braces-for-100-billion-plus-wipeout-after-wall-street-meltdown-20250406-p5lpjl.html
Is the crash continuing after all? The world's most powerful banker warns: Jamie Dimon of JP Morgan warns of stagflation and harder times due to tariffs and ...
boerse-online.de/nachrichten/aktien/drastische-warnung-fuer-die-boerse-maechtigster-banker-der-welt-sehr-pessimistisch-20378027.html
Stocks Are Set to Extend Sharp Fall: Futures on the S&P 500, which allow investors to trade the index before regular trading begins on Monday ...
nytimes.com/2025/04/06/business/stocks-trump-tariffs.html
Why US stocks have more risk than reward after crash: Keller: A chartmaster who was wary of US stocks in January explained why the downturn isn't over yet ...
businessinsider.com/stock-market-outlook-prediction-tariff-trade-war-economy-earnings-keller-2025-4
Tears on Wall St, Aussie dollar in oblivion: There were tears on Wall St as the US stock market sank by a staggering six per cent overnight after a horror ...
news.com.au/finance/economy/world-economy/tears-on-wall-st-aussie-dollar-in-oblivion/news-story/df1ed206f30eba0cb476ab2f0364729b
US stocks surge after Donald Trump announces 90-day pause on tariffs : Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down ...
euronews.com/business/2025/04/09/us-stocks-open-mostly-lower-in-shaky-trading-as-investor-uncertainty-hits
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