{"id":73028,"date":"2025-10-11T02:49:16","date_gmt":"2025-10-11T02:49:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/73028\/"},"modified":"2025-10-11T02:49:16","modified_gmt":"2025-10-11T02:49:16","slug":"us-markets-today-wall-street-slides-s-investors-brace-for-renewed-trade-tension","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/73028\/","title":{"rendered":"US markets today: Wall Street slides, S&P falls 2% as Trump threatens higher China tariffs; investors brace for renewed trade tension"},"content":{"rendered":"

\"US A months-long calm on Wall Street shattered on Friday after President Donald Trump threatened to sharply raise tariffs on China, triggering a broad market sell-off and pushing the S&P 500 toward its steepest loss since April.The S&P 500 slid 2%, while the Dow Jones Industrial Average plunged 622 points and the Nasdaq composite fell 2.7%, as investor sentiment soured following Trump\u2019s remarks on his social media platform Truth Social, AP reported. The president said he was considering \u201ca massive increase of tariffs\u201d on Chinese imports, expressing anger at restrictions China has imposed on exports of rare earths \u2014 key materials used in manufacturing electronics and jet engines.\u201cWe have been contacted by other countries who are extremely angry at this great trade hostility, which came out of nowhere,\u201d Trump wrote, adding there was \u201cno reason\u201d to meet with Chinese President Xi Jinping during his upcoming trip to South Korea.The flare-up in trade tensions between the world\u2019s two largest economies sent shockwaves across Wall Street, with four out of every five stocks in the S&P 500 declining. Shares of major technology companies including Apple and Nvidia tumbled, alongside smaller firms vulnerable to trade uncertainty.Market analysts said the sell-off also reflected growing concerns about overvaluation, following a nearly 35% surge in the S&P 500 since April that had lifted it to record highs. Critics warned that stock prices have risen far faster than corporate profits, echoing concerns reminiscent of the dot-com bubble in 2000.Levi Strauss was among the day\u2019s biggest decliners, dropping 11.4% despite reporting quarterly earnings that beat analyst expectations. Its full-year forecast met Wall Street estimates, but the stock\u2019s earlier 42% surge this year left little room for disappointment.Oil prices also slid sharply after a ceasefire between Israel and Hamas came into effect in Gaza, easing fears of supply disruptions in the Middle East. Benchmark US crude fell 4.1% to $58.99 per barrel, while Brent crude dropped 3.9% to $62.66.Bond yields retreated as investors sought safety, with the 10-year US Treasury yield falling to 4.07% from 4.14%.A University of Michigan survey showed consumer sentiment remained subdued, with high prices and weakening job prospects continuing to weigh on confidence. \u201cAt this time, consumers do not expect meaningful improvement in these factors,\u201d said Joanne Hsu, director of the Surveys of Consumers.The report also indicated inflation expectations eased slightly, with one-year inflation forecasts dipping to 4.6% from 4.7%. Economists said that could help ease pressure on the Federal Reserve, which cut its benchmark rate last month for the first time this year to support slowing growth.Global markets also mirrored the sell-off. Hong Kong\u2019s Hang Seng Index fell 1.7%, Japan\u2019s Nikkei 225 lost 1%, and major European indices ended lower. South Korea\u2019s Kospi, however, gained 1.7% as trading resumed after a holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"A months-long calm on Wall Street shattered on Friday after President Donald Trump threatened to sharply raise tariffs…\n","protected":false},"author":2,"featured_media":73029,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,37509,61,2397,60,123,20673,131,48601],"class_list":["post-73028","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-government-shutdown","tag-ie","tag-investors","tag-ireland","tag-markets","tag-oil-prices","tag-stocks","tag-us-markets-today"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/73028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=73028"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/73028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/73029"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=73028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=73028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=73028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}