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Why Stock Market Is Tumbling Today?

The U.S. stock market indexes pulled back their earlier increases on Thursday morning because of rising trade tariff ambiguity and pending job statistics reports. The Dow Jones Industrial Average dropped 335 points while both the S&P 500 and NASDAQ Composite lost their respective values by 1% and 1.1%. In the initial part of the session, the market indexes achieved more than 1% gains before returning to previous levels while maintaining their current week declines beyond 1%. The market focuses on evaluating trade policy changes because economic expansion worries have emerged...
Stock Market

S&P 500, Nasdaq, Dow rise after jobs data amid signs of tariff relief

Data released Wednesday showed activity in the services sector increased in February. The Institute for Supply Management's services index registered at 53.5 in February, up from January's 52.8 reading and above the 52.5 economists had expected. Readings above 50 indicate an expansion in activity, while those below 50 reflect a contraction. Meanwhile, the ISM's prices paid index rose to 62.6 from 60.4 the month prior, as company costs continued to increase. The employment index also ticked higher, coming in at 53.9, compared with 52.3 in January. The data didn't come...
Stock Market

Dow, S&P 500, Nasdaq inch higher amid signs of tariff relief

US stocks edged higher on Wednesday, eyeing a rebound from a sharp sell-off, amid hopes that President Donald Trump could soon scale back his new tariffs on Canada and Mexico. But a soft print on labor-market hiring revived worries about a slowdown. The S&P 500 (^GSPC) rose about 0.1% while the Dow Jones Industrial Average (^DJI) was roughly flat. The Nasdaq Composite (^IXIC) was up about 0.2%. Both the S&P 500 and Nasdaq entered Wednesday's trading session near four-month lows. A fresh look at the jobs market Wednesday provided another...
Stock Market

Dow, S&P 500, Nasdaq slide after jobs data amid signs of tariff relief

Data released Wednesday showed activity in the services sector increased in February. The Institute for Supply Management's services index registered at 53.5 in February, up from January's 52.8 reading and above the 52.5 economists had expected. Readings above 50 indicate an expansion in activity, while those below 50 reflect a contraction. Meanwhile, the ISM's prices paid index rose to 62.6 from 60.4 the month prior, as company costs continued to increase. The employment index also ticked higher, coming in at 53.9, compared with 52.3 in January. The data didn't come...
Stock Market

Dow sinks 650 points, S&P 500 wipes out post-election gains as Trump trade war intensifies

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 S&P 500 (^GSPC) has erased about $3.3 trillion in market cap since its record closing high of 6,144.15 on Feb. 19. At that time, the benchmark index's post-election gains had been hovering at just around 6%. Since the start of 2025, the S&P 500 is down around 2% while the Nasdaq Composite (^IXIC) is off nearly 6% and is currently flirting with correction territory,...
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...
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