Global Market Decline Due to Trump's Tariff Announcement

Global markets closed down around 4% after President Donald Trump announced reciprocal tariffs on trading partners, causing the S&P 500 to fall 4.8%, Nasdaq to fall 6%, and the Dow Jones to decline 4% — all the worst since 2020 and 2022 respectively.

Nasdaq Correction due to Tariff-Induced Selloff

The Nasdaq Composite flirted with correction territory due to a stock market selloff driven by fears of President Trump's tariffs impacting economic growth. The index was up 0.4% after hitting a session low, with a close below a certain level confirming a correction.

Honoring Former President Jimmy Carter on Wall Street

Wall Street's opening bells will remain silent on Thursday as the NYSE and Nasdaq close for trading in honor of former President Jimmy Carter's state funeral, continuing a tradition dating back to 1865 after President Abraham Lincoln's assassination.

Financial Markets Rebound After Sell-Off

The S&P 500 rebounded after a recent sell-off, with the Dow Jones and Nasdaq also showing mixed movements. Technology stocks like Nvidia and Meta rebounded, while Apple continued to decline. Japanese stocks saw a significant rebound after a sharp drop the previous day. The market sell-off was partly due to concerns over the economy and an unwind in the yen carry trade.

Debunking Misleading Comparison of Trump and Biden's Economic Performance

A chart comparing macroeconomic indicators on social media suggests the country fared better under Trump than Biden, but the data is inaccurate. Factors outside a president's control heavily influence economic health. The article debunks claims on inflation, gas prices, rent, Nasdaq, grocery prices, electricity costs, and real hourly earnings under both administrations.

Stock Market Performance and Economic News

Nasdaq reaches record high as Powell reassures investors; U.S. producer prices rise in April; investors await Consumer Price Index report; tech stocks perform well; Home Depot and Alibaba shares decline; Biden announces tariff increases on Chinese imports; GameStop shares rally; AMC Entertainment and Koss Corp also see gains.