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Stock Market

Dow, S&P 500, Nasdaq wipe out Trump-led gains as tariff sell-off continues

US markets have eliminated all their post-election gains as stocks deepen their sell-off with fresh tariffs on Canada, Mexico, and China now officially in effect. The benchmark S&P 500 (^GSPC) index is now down 1% since Election Day. Notably, it has erased about $3.3 trillion in market cap since Feb. 19. The Nasdaq 100 (NQ=F) has fallen over 4% over that same time period, while the broader tech index (^IXIC) is down about 1.5%. The blue-chip Dow (^DJI) has dropped nearly 1% since Nov. 5. DJI - Free Realtime Quote...
Currencies

Japan rejects Trump’s accusation of devaluing yen amid tariff threat

Japan has denied an accusation by US President Donald Trump that it is manipulating the yen to benefit local manufacturers after the American leader suggested he is planning to impose retaliatory tariffs if his demands are not met.Speaking to reporters in the White House on Monday night, Trump singled out Japan and China for criticism.“Whether it is Japan or China, the weak currency against the dollar puts us at a great disadvantage,” Trump said. “It is hard for Caterpillar to make tractors when Japan and China are devaluing their currencies.“I...
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