Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
U.S. stock futures were mostly flat Thursday evening after sharp losses on Wall Street, triggered by President Donald Trump’s sweeping new tariffs. As of 20:10 ET, S&P 500 Futures held at 5,434.25, Nasdaq 100 Futures edged up 0.1% to 18,699.0, and Dow Jones Futures rose 0.1% to 40,711.0.
Trump announced a universal 10% tariff on all imported goods effective April 5, alongside steeper, country-specific tariffs. China was hit hardest with total tariffs reaching 54%, while the EU, Japan, and India faced levies of 20% to 26%. A 25% tariff on imported automobiles also took effect April 3.
Markets tumbled on fears of a global trade war, potentially triggering supply chain disruptions and increasing the risk of a global recession. Investors also worried about rising costs for U.S. firms dependent on imports, possibly squeezing margins and fueling inflation.
The S&P 500 dropped 4.8% Thursday—its steepest fall since mid-2020. The Nasdaq Composite plummeted 6%, and the Dow Jones fell 4%. Tech and retail stocks took the brunt of the sell-off. Apple Inc. slid over 9% due to its reliance on Chinese manufacturing, while Nike Inc. plunged 14%. Boeing Co. fell 11%, Tesla lost 5.5%, and NVIDIA dropped 8%.
Amid economic uncertainty, markets are betting on increased Federal Reserve action. Traders now expect four rate cuts this year, up from three, according to the FedWatch tool. All eyes are on Friday’s U.S. payrolls report and Fed Chair Jerome Powell’s upcoming speech for signals on future monetary policy.
Keywords: Trump tariffs, stock market crash, US recession, global trade war, S&P 500 drop, Apple stock fall, Federal Reserve rate cuts, Dow Jones, Nasdaq, inflation fears.
