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.
China imposed sanctions on Japanese lawmaker Keiji Furuya on Monday, who is a close aide of Japanese ...
Europe's aviation sector hit - and may well have surpassed - a 2% mandate for green jet fuel use in 2025, a...
The U.N. peacekeeping mission in Lebanon (UNIFIL) said a peacekeeper was killed when a projectile exp...
Ukrainian President Volodymyr Zelenskyy said he talked about a possible security partnership on Sunday wit...
President Donald Trump said the U.S. and Iran have been meeting "directly and indirectly" and that Ir...
China imposed sanctions on Japanese lawmaker Keiji Furuya on Monday, who is a close aide of Japanese Prime Minister Sanae Takaichi, due to his "collusion with Taiwan independence" forces, in its latest move in a diplomatic row over Taiwan.
Europe's aviation sector hit - and may well have surpassed - a 2% mandate for green jet fuel use in 2025, a regulatory official and a source told Reuters, bolstering airlines' green credentials as the region seeks to cut reliance on hydrocarbons.
The U.N. peacekeeping mission in Lebanon (UNIFIL) said a peacekeeper was killed when a projectile exploded at one of its positions near the southern Lebanese village of Adchit al-Qusayr on Sunday.
Ukrainian President Volodymyr Zelenskyy said he talked about a possible security partnership on Sunday with Jordan's King Abdullah over defending against drone attacks amid rising tensions over the Iran conflict.
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island’s political and economic system. Renewed focus on relations comes as Donald Trump’s rhetoric intensifies and conditions on the island worsen.
The four astronauts selected for NASA’s Artemis II mission have arrived in Florida, entering the final phase of preparations for the first crewed journey towards the Moon in more than five decades
Iranian Military Spokesman Lieutenant Colonel Ibrahim Zulfiqari has warned that American soldiers will become 'food for sharks' if U.S. President Donald Trump launches ground attacks against Iran. The threat comes after the U.S. military said it was deploying thousands of Marines to the region.
China is moving ahead with plans to establish a nationwide long-term care insurance system, aimed at supporting its rapidly ageing population and easing the financial burden on families caring for elderly relatives.
NASA is aiming to launch its Artemis 2 mission on Wednesday (1 April), sending astronauts on a 10-day journey around the Moon, officials confirmed. According to the Space Administration, the launch window is due to open at 23:24 GMT, with additional opportunities to 6 April if delays occur.
Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.
Meta Platforms is increasing compensation for top executives, including its first-ever offer of stock options, as it tries to fend off competition in the artificial intelligence (AI) race and incentivize leaders to stay with the company for several years.
The French government’s bid to suspend the marketplace of Chinese online retailer Shein in the country has been overruled by a Paris Court of Appeal.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
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