• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Thursday, May 29, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Global Markets

US Stock Markets Tumble as Tariff Deadline Looms

Rennie Odek by Rennie Odek
in Global Markets
Reading Time: 2 mins read
A A
0
US Stock Markets

Traders at the floor of the New York Stock Exchange [Photo: File]

Share on FacebookShare on Twitter

Investor anxiety gripped US stock markets on Tuesday, leading to another volatile trading session as President Donald Trump’s tariff policies continued to weigh heavily on sentiment. Stocks initially rallied on hopes of tariff negotiations but ultimately closed in the red, with major indices posting significant losses.

RELATED POSTS

US Stock Market Sinks as Tariff Tensions Overshadow Economic Data

Asian Markets Gain as Yuan Falls to Lowest in 17 Years

US Stock Markets Soar Amid Trump’s Tariff Pause Announcement

US Stock Market Performance

The Dow Jones Industrial Average dropped 320.01 points, or 0.84%, to close at 37,645.59, marking a four-day loss of over 4,500 points. The index had surged earlier in the day, gaining as much as 3.9%, before reversing course.

The S&P 500 declined 1.57%, ending at 4,982.77, its first close below 5,000 since April 2024. The index is now down nearly 19% from its February record, teetering on the edge of a bear market. Meanwhile, the Nasdaq Composite fell 2.15% to close at 15,267.91, bringing its four-day loss to over 13%.

Sector and Stock-Specific Impacts

Apple led the declines on US Stock Markets, with its shares closing nearly 5% lower after an earlier 4% gain. The tech giant has lost nearly 23% over the past four trading sessions, as new tariffs are expected to significantly increase its production costs. Other tech stocks also struggled, contributing to the Nasdaq’s sharp drop.

Read: Wall Street Extends Decline as Apple, Facebook Lead Big-Tech with 1% Drop

Tariff Developments

The White House confirmed that a cumulative 104% tariff rate on Chinese goods will take effect just after midnight, adding to the 10% baseline duty implemented on Saturday.

President Trump, via Truth Social, highlighted a great call with South Korea’s acting president, which briefly buoyed market sentiment. Treasury Secretary Scott Bessent revealed that around 70 countries have approached the US for tariff negotiations, signaling potential relief for some trading partners.

Buy JNews
ADVERTISEMENT
Investor Sentiment

Despite early optimism on US Stock Markets fueled by an oversold market and hopes for tariff negotiations, the rally fizzled as concerns over escalating trade tensions resurfaced. The S&P 500 has now fallen more than 12% in the past four days, marking its worst stretch since the onset of the COVID-19 pandemic in 2020.

As the tariff deadline approaches, US stock markets remain on edge. The implementation of the 104% tariff rate on Chinese goods is expected to further strain global trade relations and exacerbate market volatility. Investors will be closely watching for any signs of progress in trade negotiations or policy adjustments in the coming days.

 

Post Views: 1,067
Tags: Donald TrumpDow Jones Industrial AverageNASDAQS&P 500
Previous Post

Central Bank of Kenya Lowers Base Rate to 10% After MPC Meeting

Next Post

NSE Market Report 09 April 2025: Safaricom Moves 7.7 Million Shares

Rennie Odek

Rennie Odek

Related Posts

US Stocks market Wallstreet data
Global Markets

US Stock Market Sinks as Tariff Tensions Overshadow Economic Data

by Felix Ochieng
Global Markets Asian markets
Asian Stock Markets

Asian Markets Gain as Yuan Falls to Lowest in 17 Years

by Githere Eddie
Donald Trump US Stock Markets Tarrifs
Global Markets

US Stock Markets Soar Amid Trump’s Tariff Pause Announcement

by Trading Room Reporter
U.S Stocks Wallstreet
Global Markets

U.S Stocks Mixed as Dow Experiences 3rd Consecutive Fall

by Trading Room Reporter
Next Post
Nairobi Securities Exchange NSE Market Report

NSE Market Report 09 April 2025: Safaricom Moves 7.7 Million Shares

Donald Trump US Stock Markets Tarrifs

US Stock Markets Soar Amid Trump's Tariff Pause Announcement

Global Markets Asian markets

Asian Markets Gain as Yuan Falls to Lowest in 17 Years

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,108)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,200)
  • Hilda Njeru Takes over at CDSC (2,069)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,917)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,808)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

HF Group Plc CEO Robert Kibaara

HF Group Posts Solid Growth as Q1 Pre-tax Profit Soar 112%

Absa Bank Kenya PLC Managing Director, Abdi Mohamed

Absa Bank Kenya Reports KES 6.2 Billion Net Profit in Q1 2025 Amid Market Challenges

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$356.90  1.65%  
GME 
$31.21  10.85%  
MSFT 
$457.36  0.72%  
AAPL 
$200.42  0.10%  
AMC 
$3.46  13.72%  
ABNB 
$128.67  0.56%  
GOOGL 
$172.36  0.31%  
AMZN 
$204.72  0.63%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?