Stocks tumble, dollar climbs as new tariff announcement eyed
From Yahoo Finance: 2025-03-25 22:23:00
Global stocks fell as U.S. investors awaited Trump’s tariff announcement. The auto tariffs confirmed to be on cars. Wall Street dropped, with tech sector down 2.46%. Dow fell 0.31%, S&P 1.12%, Nasdaq 2.04%. Durable goods orders up 0.9% ahead of anticipated tariffs. Dollar rose, euro down to $1.0751. MSCI global stocks gauge down 0.92%. European stocks outperform U.S. on German spending hopes. Yen up to 150.55, BOJ must raise rates on inflation. British pound weakened. U.S. Treasury yields up, 10-year notes at 4.333%. Fed officials cautious on rate cuts. Oil prices up on inventory data and tariff threats.
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