Stock Market Reacts to New Tariffs Announced by Trump
U.S. stock markets showed volatility as President Trump unveiled new tariffs, affecting major companies like Apple, Target, and Amazon amid cautious investor sentiment.
How major US stock indexes fared Wednesday, 4/2/2025
Associated Press
Overview
U.S. stocks experienced significant fluctuations as President Trump announced tariffs ranging from 10% to 49% on imports, marking a new phase in trade policy. The S&P 500 rose 0.7% while major retailers like Amazon, Walmart, and Target faced declines, particularly Target at 16%. Tech giants suffered, with Apple's shares dropping over 6% and Nvidia falling approximately 4%. Despite losses, Amazon's stock gained 2% following reports of a TikTok acquisition bid and advancements in AI, showcasing some potential for recovery amidst market uncertainty. Hedge funds reported mixed results, balancing risk with long-term opportunities.
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Analysis
- The stock market is reacting negatively to changes in tariff policies and economic instability, resulting in notable losses across major companies, particularly in the retail sector.
- Target has struggled significantly amid shifts in consumer spending, showing a particular vulnerability to tariff-related impacts on its import-dependent product lines.
- Despite market downturns, some hedge funds have managed positive returns while larger firms face substantial losses due to the tumultuous trading environment.
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