Amid escalating trade tensions and the ongoing Russian-Ukraine conflict, global shares saw a significant drop on Monday while oil prices surged. Investors are on edge as geopolitical uncertainties loom large.
Wall Street's primary indexes showed mixed signals as consumer confidence declines. Despite Trump's leniency hints on tariffs, fears of a trade war continue to loom, impacting market sentiment and Tesla's sales.
In late-morning trading, major U.S. stock indexes showed mixed results as investors remain cautious amid ongoing political and economic uncertainty. The Dow and S&P 500 gained slightly, but the Nasdaq slipped. With the upcoming Federal Reserve meeting and ongoing sell-offs, market sentiment is shaky. Tesla and Nvidia face significant losses, while Intel rallies with new leadership.
The crypto market suffered significant losses on Friday as XRP and Dogecoin plunged over 10%. This turmoil follows the announcement of fresh U.S. tariffs on China, raising fears of an escalating trade war. Bitcoin dipped to near $79,000, marking a nearly 30% fall since January's peak. With overall market sentiment bearish, traders are anxious about the impact of upcoming economic decisions from China.
Asian equities fell sharply as fears of a global trade war escalate, triggered by President Trump's new tariffs. Technology shares, particularly Nvidia, suffered a major sell-off, impacting market sentiment.
Nasdaq futures take a hit as fears grow over chip restrictions on China. Stock index futures decline as Trump administration intensifies measures.
