Trump tariffs will approach the $1 trillion tax-hike threshold if reciprocal tariffs and an extra 50% tax on Chinese imports take effect at midnight. The post Trump Tariffs: Clock Ticks Down To Nearly $1 Trillion Tax Hike At Midnight; S&P 500 Erases Gain appeared first on Investor's Business Daily.
SPY, IVV and VOO are battling for the position of the world???s top ETF amid wild swings in the S&P 500.
The S&P 500 began the week with three straight daily gains but then “Liberation Day” led the index to its two worst days since March 2020. The index fell 9.1% this week and has re-entered correction territory, sitting 17.42% below its record close from February 19th, 2025.
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“tariff increases will be significantly larger than expected'
Wall Street's biggest bear says the S&P 500 will need to drop below 4,200 before he'd recommend overweighting stocks.
According to Michael McDonough, Thursday and Friday were the 16th worst 2-day period for the S&P 500 in history.
CNBC's Jim Cramer predicts the S&P 500 could drop to 4,000 amid the market collapse that has followed President Donald Trump's tariff announcement.
The drop in the stock market indices on Friday, April 4th shows that the stronger-than-expected jobs report for March '25 was ignored. The expected range of outcomes for “forward” S&P 500 EPS estimates has widened dramatically in the last week. It will be interesting to see what happens with Q2 '25 S&P 500 EPS expected growth rates as we progress through Q1 '25 earnings releases. The new forward four-quarter EPS estimate is $278.96 versus last week's $268.91, for a sequential increase of $10.15.
Lori Calvasina, RBC, joins 'Fast Money' to talk her year-end S&P 500 forecast after stocks plummet following Trump's tariff announcements.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
On Wednesday after market close, President Trump announced a broad suite of import tax hikes, ranging from 10% to over 50%.