From Yahoo Finance.: 2025-05-22 23:34:00

U.S. stocks dropped after Trump threatened 50% tariffs on the European Union, causing the S&P 500 to have its worst week in seven. The Dow Jones Industrial Average fell 0.6%, and the Nasdaq composite sank 1%. Trump’s tariff threats affected global markets, with France’s CAC 40 index losing 1.7%.

Apple stock dropped 3% after Trump criticized the company for not moving iPhone production to the U.S. He warned of a 25% tariff if they don’t comply. Trump clarified that all smart phones made abroad would face tariffs, not just Apple products, potentially starting at the end of June.

Companies like Deckers Outdoor and Ross Stores saw stock declines due to the uncertainty around the economy and tariffs. Intuit, on the other hand, rose 8.1% after reporting strong profits and raising forecasts. Stocks in the nuclear industry also rallied after Trump signed executive orders to speed up nuclear licensing decisions.

The S&P 500 fell 39.19 points, with the Dow Jones dropping 256.02 and the Nasdaq sinking 188.53. Trump’s latest tariff threats caused market fluctuations, with the S&P 500 recovering from recent lows. Treasury yields also fell as bond markets reacted to the news.

Global markets were mixed, with Asia seeing a rise in Tokyo’s Nikkei 225 but a fall in Shanghai stocks. Trump’s tariff threats continue to impact markets worldwide, with uncertainty around trade deals and tariffs affecting various industries.



Read more at Yahoo Finance.: Trump’s latest tariff threats knock Wall Street, European stocks and Apple lower