Markets faced a notable sell-off driven by President Trump's tariff threats and recessionary fears. All major indices, including the Dow Jones, Nasdaq, and S&P 500, opened lower. However, Intel surged by 16.7% on the appointment of Lip-Bu Tan as CEO, contrasting with the overall downward pressure on technology stocks. In addition, President Trump's proposal of high tariffs on EU alcoholic products impacted stocks in that sector. Despite the adverse conditions, discount retailers like Dollar Tree and Dollar General showed gains, reflecting market shifts in response to economic concerns.
Another day, another market sell-off, as fears mount over President Trump's tariff threats and looming recession concerns. Major indices are trading in the red.
Intel stands out in a declining market, gaining 16.7% after naming Lip-Bu Tan as its new CEO, signaling a potential fresh start for the company.
The mixed performance of tech stocks shows volatility, with Nvidia gaining 5.3% weekly while Apple experiences an 8.3% drop in the last five days.
President Trump proposed tariffs up to 200% on EU alcohol products in retaliation for their tariffs, influencing the stock performances of companies like Constellation Brands.
Collection
[
|
...
]