Equity Markets Fall as Retaliatory Tariffs Trigger Sell-Off

MT Newswires Live
04-05

US benchmark equity indexes are on track to close lower on Friday after China imposed 34% retaliatory tariffs on US products, effective April 10.

The Dow Jones Industrial Average dropped 4.4% to 38,769.3, while the Nasdaq Composite declined 4.5% to 15,801.8. The S&P 500 was down 4.8% to 5,140. All sectors were in red. Energy and financials saw the steepest declines.

Nike (NKE) and lululemon athletica (LULU) rose 5% and 4.9%, respectively. President Donald Trump said in a post on Truth Social that Vietnam was willing to eliminate tariffs.

APA (APA) was among the hardest hit stocks on the S&P 500. Its shares fell 13% after Capital One and Wolfe Research reduced the price target to $35 from $38 and $36 from $40, respectively.

GE HealthCare Technologies (GEHC) was down 15% after China restricted exports of a rare earth metal used in MRI scans as part of its retaliation against the Trump administration's latest tariffs.

Oil-related stocks fell. Shares of Exxon Mobil (XOM) fell 6.6%, Chevron (CVX) slipped 7.5%, Schlumberger (SLB) dropped 11%, and Marathon Petroleum (MPC) declined 5.3%

The 10-year US Treasury yield dropped 2.6 basis points to 4%, while the two-year rate was down 1.7 basis points to 3.7%.

May West Texas Intermediate crude oil was down 6% to $62.92 a barrel.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10