Stock Market

President Donald Trump's new tariffs are affecting the stock market − including the share prices of Wisconsin-based companies.The market's Dow Jones Industrial Average on Friday plunged 5.5%, or 2,231.07 points, to 38,314.86 for its largest single-day decline since June 2020 during the pandemic.That followed a sharp decline on Thursday − bringing the index to around 15% below its record high and into a "correction." A correction is defined as at least 10% lower than a record high.The broad S&P 500 dropped 5.97%, or 322.44 points, to 5,074.08 to post its...

Topline Investors did not get the rebound from Thursday’s historic losses they may have hoped for, as stocks again slid considerably as the market digests President Donald Trump’s tariffs while China, the world’s second-largest economy, slapped a 34% retaliatory tariff on American imports. A traders work on the floor of the New York Stock Exchange on Thursday.Getty Images Key Facts Thursday was the sharpest daily decline since 2020 for each of the three major U.S. indexes – the Dow Jones Industrial Average (-4%, or 1,680 points, Thursday), the S&P 500...

The long-term impact of the new US tariffs implemented by President Donald Trump may be uncertain, but the short-term effects have been obvious -- stock prices in the leading US markets are crumbling. After the new tariffs were announced late Wednesday, the Dow Jones Industrial Average dropped by 1,647 points on Thursday and has fallen another 2,000 points, or nearly 5%, on Friday. TAX SOFTWARE DEALS OF THE WEEK Deals are selected by the CNET Group commerce team, and may be unrelated to this article."It is very difficult for businesses to...

As Donald Trump’s tariffs on countries across the world continue to send shockwaves in the global economy, many experts fear the worst is yet to come. Overnight, the US president sparked a trade war overnight with partners in all continents with many retaliating in turn. The US president has said the tariffs are necessary to counter trade imbalances with nations that have been ‘pillaging’ the US, although some economists have called his administration’s sums into question. Defending the measures, US secretary of state Marco Rubio said: “Businesses around the world,...

People on Wall Street react to sinking stocks from tariffsPeople on Wall Street reacted to the stock market downturn from Trump's tariffs announcement with a mix of worry and optimism.Stock markets in the U.S. and around the globe have dropped since President Donald Trump introduced tariffs on most imports, causing Americans to rethink their financial investments.After the opening bell on Wall Street on April 3, the Dow fell sharply in early trading and did not rebound later in the day, mirroring global markets and adding to the jitters for many Americans.The...

It turns out there's a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. "At the beginning, the only significance was that I liked purple ties," Powell quipped during a moderated Q&A interview on Friday. "But I will say, for the next press conference, I reached for a blue tie or a red tie, and , 'Maybe not, you know?'" Powell said the importance of Fed independence served as a key catalyst for his color selection. Historically, "red" is a color most often associated...

Tariffs or no tariffs, you need a core holding to carry you through the next 30 years. Our sortable scorecard of 52 Best Buys will take you to it. Buy the dip? That takes some fortitude, when world trade is on the verge of collapse, consumers are frightened and businesses can’t plan anything. The U.S. stock market, as measured by the Vanguard Total Stock Market fund, sank a convulsive 5% yesterday. But don’t see the crash as a buying opportunity, or as a selling opportunity either. Take it as a...

President Donald Trump doubled down on his global tariffs Thursday, likening the U.S. economy to a ‘very sick’ patient who came out of an operation. “It’s gonna be a booming country, very booming country. It’s going to be amazing, actually,” Trump said to reporters aboard Air Force One on his way down to one of his Florida golf clubs. President Donald Trump doubled down on his global tariffs Thursday, likening the U.S. economy to a ‘very sick’ patient who came out of an operation. “It’s gonna be a booming country,...

Investors fear that the tariffs will cause inflation to accelerate and economic growth to slow.Financial advisors urge caution, noting that many of the effects are yet to be seen.“Right now, there are so many questions,” Catherine Valega, a wealth manager at Burlington-based Green Bee Advisory. “We’re talking about US exceptionalism — is that over? Maybe.“One analyst worries about a more dire outcome.“The only positive is you have to believe this will not stay in its current form,” said Dan Ives, a research analyst at Wedbush Securities, based in Los Angeles....

President Donald Trump riffs on 'old fashioned term' groceriesAfter announcing global tariffs, President Donald Trump riffed on the word "groceries," calling it an "old fashioned" and "beautiful term."President Trump imposed new tariffs on imports, causing investors to worry about a recession.Arizona stocks are mixed, with some companies down sharply and others flat or slightly higher.Investors are advised not to panic and to consider adjusting their investment mix if they are concerned about volatility.Stock markets in the U.S. and around the globe took a beating with the news that President Trump...