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.
Astana turned into a regional cultural hub as Silk Way Star held its grand finale, bringing months of competition to a close and gathering artists fro...
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McLaren’s Lando Norris mastered the wet conditions under the lights of Las Vegas to secure pole position for Saturday’s Grand Prix, beating Red Bu...
Top officials from the United States, Ukraine and Europe are meeting in Geneva to negotiate Washington’s draft plan to end the war in Ukraine, with ...
The leaders of eight Nordic and Baltic nations held a joint call with Ukrainian President Volodymyr Zelenskyy on Saturday, pledging continued military...
Astana turned into a regional cultural hub as Silk Way Star held its grand finale, bringing months of competition to a close and gathering artists from across Asia on one stage. Mongolia’s Michelle Joseph won the first season, marking the end of a project that drew viewers from around the world.
The Amazon River’s future is increasingly defined by the condition of the wider Amazon Basin, a forest system that anchors the river’s rainfall, biodiversity and hydrological balance. Scientists warn the relationship has entered a fragile phase.
McLaren’s Lando Norris mastered the wet conditions under the lights of Las Vegas to secure pole position for Saturday’s Grand Prix, beating Red Bull’s Max Verstappen in a tense and slippery qualifying session that could prove pivotal in the championship race.
Top officials from the United States, Ukraine and Europe are meeting in Geneva to negotiate Washington’s draft plan to end the war in Ukraine, with pressure mounting ahead of Thursday’s deadline set by U.S. President Donald Trump for Kyiv to respond.
The pilot of an Indian fighter jet performing in the Dubai Air Show has died after the aircraft crashed during an aerial display on Friday.
An Indian Tejas fighter jet crashed in a ball of fire during an aerial display at the Dubai Airshow on Friday (November 21), leaving spectators in shock.
The United States is preparing to launch a new round of Venezuela-related operations in the coming days, as President Donald Trump’s administration intensifies efforts to pressure President Nicolás Maduro’s government and targets what it calls Venezuela’s role in the regional drug trade.
Air traffic at Eindhoven Airport in the southern Netherlands was suspended on Saturday evening after multiple drones were sighted near the facility, prompting the deployment of counter-drone systems and raising fresh alarm over airspace security in Europe.
President Donald Trump said on Friday that he will soon speak with his Venezuelan counterpart, Nicolas Maduro, amid speculation that the U.S. could launch an attack on the Latin American nation.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
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