The New York Stock Exchange opened sharply lower on 2 September as investors weighed the legality of Donald Trump’s tariffs – a federal appeals court has ruled most of them illegal.
The S&P 500 fell 44.72 points, or 0.69%, to 6,415.54. The Nasdaq Composite dropped 175.92 points, or 0.82%, to 21,279.63. The Dow Jones Industrial Average lost 249.07 points, or 0.55%, closing at 45,295.81.
Mike Mussio, president of FBB Capital Partner, commented on the market situation:
“After a strong August, the markets are starting September lower. Court rulings indicate that Trump administration tariffs are illegal, which is causing some market volatility. Investors are also awaiting the jobs report later this week and the upcoming Federal Reserve meeting, which provide new data points.”
Mussio added that tariff uncertainty has pushed long-term bonds higher. The 30-year bond is now around 5%. Investors are favouring shorter-term bonds to reduce risk amid ongoing uncertainty.
Polish police have launched an investigation after videos circulating online showed men in military-style uniforms patrolling Warsaw Central railway s...
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. ...
The Governor of the Central Bank of Iran (CBI), Abdolnasser Hemmati, is visiting Russia to strengthen bilateral monetary and banking relations as Tehr...
Britain has announced an additional £8 million ($11 million) to help Pakistan combat illegal migration, human trafficking and organised crime, while ...
The Netherlands has announced a new €500 million military support package for Ukraine, focused on drones and air defence systems, as Western allies ...
Polish police have launched an investigation after videos circulating online showed men in military-style uniforms patrolling Warsaw Central railway station and questioning people they believed to be foreigners.
The Governor of the Central Bank of Iran (CBI), Abdolnasser Hemmati, is visiting Russia to strengthen bilateral monetary and banking relations as Tehran and Moscow seek closer financial cooperation amid Western sanctions.
Britain has announced an additional £8 million ($11 million) to help Pakistan combat illegal migration, human trafficking and organised crime, while praising Islamabad's role in diplomacy that helped secure the recent U.S.-Iran agreement.
The Netherlands has announced a new €500 million military support package for Ukraine, focused on drones and air defence systems, as Western allies intensify efforts to strengthen Kyiv's position in its war against Russia.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
French department store BHV and online fast-fashion retailer Shein have ended their partnership, seven months after the launch of a permanent Shein shop in Paris triggered controversy and widespread criticism.
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, signaling further weakness in the world’s second-largest economy.
Macao opened the 17th International Infrastructure Investment and Construction Forum on Thursday, with officials and industry leaders highlighting the role of green and digital technologies in strengthening global infrastructure connectivity.
At the start of 2026, something unusual happened in China's car market. BYD, the company that had spent years at the top of the domestic sales charts, was knocked off its perch by a rival.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
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