US stocks wrapped up lower on Thursday as market watchers braced for a major policy pivot. Investors were cautious ahead of US President Donald Trump's tariff implementation, with the atmosphere on Wall Street turning quite volatile. 📉
The Dow Jones Industrial Average dropped by 330.3 points (0.74%) to 44,130.98, while the S&P 500 fell by 23.51 points (0.37%) to 6,339.39. The Nasdaq Composite also saw a slight decrease, closing 7.23 points lower at 21,122.45.
In a mixed trading session, nine of the 11 primary S&P 500 sectors ended in red. Notably, the health and real estate sectors experienced tougher declines of 2.79% and 1.73%, respectively. In contrast, the communication services and utilities sectors managed to buck the trend with gains of 2.08% and 0.59%.
Earlier on Thursday, the market had trimmed some bullish gains, but the announcement that tariffs would take effect on Friday—coinciding with the rollout of several new trade agreements and a 90-day extension on current tariff rates with Mexico—shifted investor sentiment. This scenario is a vivid reminder of how swiftly global trade policies can create ripples across markets. 💡
For young professionals and tech-savvy readers in South and Southeast Asia, this news underscores the global interconnectedness of economic shifts. Staying informed about such fast-moving trends can help you navigate the dynamic world of finance while influencing lifestyle and career choices in our ever-evolving landscape.
Reference(s):
cgtn.com
