Stock indices in the US fell substantially after Friday's jobs report, which showed the US unexpectedly lost jobs in February, World Street Journal reported.
US stock markets declined sharply as tariff-related uncertainty and rising geopolitical tensions between the United States and Iran made investors cautious, leading to increased selling pressure across major indices.
The trend of investors questioning returns from artificial intelligence (AI) capital expenditure is expected to grow in the coming quarters as the market leadership of Big Tech in the US stock market shows signs of breaking down, according to a report by Jefferies.
US financial markets witnessed extreme volatility as sharp swings in gold, silver and US equities led to an estimated USD 9 trillion movement in market capitalisation within a few hours, highlighting heightened uncertainty across asset classes.
US stock markets witnessed heavy selling on Friday after President Donald Trump announced fresh trade measures against China, including a 100 per cent tariff on Chinese goods and export controls on critical software.
US stock markets faced heavy selling pressure on Friday (local US time) after President Donald Trump implemented fresh reciprocal tariffs on 70 countries, including India.
Chairman Moolenaar of the House Select Committee on China, along with Chairman Rick Scott of the Senate Committee on Aging, has addressed a letter to SEC Chairman Paul Atkins, requesting that the Commission initiate the delisting of Chinese firms that pose significant risks to national secur
During a cabinet meeting on Thursday (local time), Trump stated, "There will always be transition problems" with his trade policies with pausing certain tariffs but expressed pride in achieving "the biggest day in history" for markets on Wednesday.
With stock markets globally taking a plunge due to his tariff decisions and the US stocks also feeling the impact, US President Donald Trump on Monday urged people not to be "weak, stupid" and said they should be "courageous and patient" and the result "will be greatness".
In keeping with the turmoil in global markets following President Donald Trump's tariff decisions, the US markets also witnessed a bloodbath as they opened on Monday morning.
The US stock markets tanked more than 5 per cent on Friday after Donald Trump's reciprocal tariffs sparked fear among investors of a global economic recession.