President Donald Trump's sweeping new trade tariffs sent shockwaves through global markets on Thursday, triggering a massive sell-off that echoed the COVID-19 pandemic-era routs, as investor risk appetite vanished in a flash.
Curious about the market action on Thursday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Nvidia slid 6%, pressured by market-wide tariff concerns, though HSBC analyst Frank Lee’s downgrade to ‘Hold’ from ‘Buy’, driven by fears of slowing growth rather than tariffs, added to the sell-off.
The company said that net proceeds from the offering will be used for the continued clinical development of product candidates, as working capital, and for other general corporate purposes.
President Donald Trump on Wednesday announced a slew of tougher-than-anticipated tariffs, but there are some notable exemptions to the steep levies. Here's a look at which products and sectors are excluded from the reciprocal tariffs:
Market analysts say President Donald Trump's newly announced global tariff regime is already reshaping investor sentiment, triggering sharp corrections across risk assets—including crypto.
ASML to quintuple Japan-based maintenance staff for machines, as Japan boosts its semiconductor technology position through investments and expansions.
KinderCare Learning Companies Inc (NYSE: KLC) is under fire Thursday following a new report from The Bear Cave, which alleges safety failures, regulatory concerns and a deteriorating reputation at the nation's largest private childcare provider.
Sanofi's rilzabrutinib receives FDA orphan drug designation for two rare diseases. Clinical studies show meaningful response rates and reduced disease flares.
Oracle is expanding its AI infrastructure, but JPMorgan analyst Mark R. Murphy remains cautious due to potential oversupply. Oracle's data center push is promising, but it faces hurdles in keeping up with hyperscalers like Amazon and Boeing.
Capital One is a leading financial services company best known for its credit card business, but it also offers a wide range of banking and lending products to consumers, small businesses, and commercial clients.
Shares of coffeehouse chain Starbucks (NASDAQ:SBUX)
fell 10.7% in the morning session after President Trump announced "reciprocal tariffs" on all US imports, set at a rate of 10% or more. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
Commerce Secretary Howard Lutnick believes the Trump Administration's reciprocal tariffs will cause some short-term pain, but ultimately result in medium- and longer-term gain.
Serve Robotics and Uber shares down premarket after announcing launch of autonomous delivery service in Dallas-Fort Worth in partnership with Uber Eats.
El-Erian warned that businesses and governments must abandon any hopes of a quick return to stability and instead build resilience, embrace volatility, and adapt in real time.
