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.
Pakistan expects to bring its first Chinese-designed Hangor-class submarine into active service next year, a move seen as deepening its defence partne...
U.S. President Donald Trump said Venezuelan President Nicolas Maduro’s "days are numbered," accusing his government of hostile acts against the Unit...
Turkish Foreign Minister Hakan Fidan held a series of high-level meetings in Baghdad on Sunday as part of his official visit to Iraq, focusing on bila...
A fire and explosion at a convenience store in the northwestern Mexican city of Hermosillo killed at least 23 people, including several children, and ...
The death toll from a massive landslide in western Kenya’s Elgeyo Marakwet County has climbed to 26 after rescuers recovered four more bodies on Sun...
Turkish Foreign Minister Hakan Fidan held a series of high-level meetings in Baghdad on Sunday as part of his official visit to Iraq, focusing on bilateral cooperation and regional stability.
A fire and explosion at a convenience store in the northwestern Mexican city of Hermosillo killed at least 23 people, including several children, and injured 12 others, local officials said.
The death toll from a massive landslide in western Kenya’s Elgeyo Marakwet County has climbed to 26 after rescuers recovered four more bodies on Sunday, before operations were halted due to sudden flash floods.
A powerful 6.3-magnitude earthquake struck near Mazar-e Sharif early Monday, killing at least seven people and injuring around 150, according to Afghan provincial authorities.
Ukraine’s top military commander has confirmed that troops are facing “difficult conditions” defending the strategic eastern town of Pokrovsk against a multi-thousand Russian force.
Residents of Hoi An, Vietnam’s UNESCO-listed ancient town, began cleaning up on Saturday as floodwaters receded following days of torrential rain that brought deadly flooding and widespread destruction to the central region.
Russia has launched its new nuclear-powered submarine, the Khabarovsk, at the Sevmash shipyard in Severodvinsk, the Defence Ministry said Saturday.
Armenia will offer Azerbaijani as an optional subject for 10-12th grade students in three schools from the 2025/2026 academic year as part of a state programme to develop foreign and regional languages.
Egypt has inaugurated the Grand Egyptian Museum near the Great Pyramid of Giza, unveiling the world’s largest archaeological museum and a modern cultural landmark celebrating over 7,000 years of history.
Chinese electric carmaker BYD is making major strides in Europe, with sales surging nearly fivefold in September from a year earlier to just under 25,000 new registrations.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
U.S. chipmaker Nvidia has made history by becoming the first company in the world to reach a market value of 5 trillion dollars, driven by soaring demand for artificial intelligence technologies.
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
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