Global Stocks Extend Sell-Off on Trump Tariffs
From Yahoo Finance: 2025-04-04 06:48:00
Global stocks are plunging due to President Trump’s reciprocal tariffs, sparking fears of a trade war and recession. China retaliates with 34% tariffs on U.S. imports. Stoxx Europe 600 down over 2%, Nikkei and Hang Seng drop 2.8% and 1.5%. U.S. stock futures plummet ahead of jobs report release. Dow futures down 950 points. Treasury yield at 3.88%. Oil prices falling as OPEC increases output. Magnificent Seven stocks, including Apple and Amazon, decline in premarket trading. UBS analysts predict slower growth and extended market volatility.