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.
Former Russian president Dmitry Medvedev said on Monday that supplying U.S. Tomahawk missiles to Ukraine could end badly for everyone, especially U.S....
Tehran has declined Egypt’s official invitation to participate in the Sharm El-Sheikh Summit on Gaza ceasefire between Hamas and Israel. Iran’s Fo...
Joyous Palestinians rushed to embrace prisoners freed under a U.S.-brokered ceasefire agreement as they arrived by bus to the occupied West Bank and G...
Ties between Tbilisi and Brussels continue to deteriorate following the 4th October 4 local elections which saw the opposition hold a rally on the day...
Israeli twin brothers Ziv and Gali Berman were among the hostages released on Monday following the implementation of the first phase of ceasefire deal...
Former Russian president Dmitry Medvedev said on Monday that supplying U.S. Tomahawk missiles to Ukraine could end badly for everyone, especially U.S. President Donald Trump.
Tehran has declined Egypt’s official invitation to participate in the Sharm El-Sheikh Summit on Gaza ceasefire between Hamas and Israel. Iran’s Foreign Minister Abbas Araghchi said he cannot sit at the same table with the statemen who attacked his country.
Joyous Palestinians rushed to embrace prisoners freed under a U.S.-brokered ceasefire agreement as they arrived by bus to the occupied West Bank and Gaza on Monday.
Ties between Tbilisi and Brussels continue to deteriorate following the 4th October 4 local elections which saw the opposition hold a rally on the day of elections.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
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