{"id":37797,"date":"2025-03-14T11:35:49","date_gmt":"2025-03-14T11:35:49","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/14\/stocks-tumble-again-as-trumps-tariff-threats-push-sp-500-into-correction-territory\/"},"modified":"2025-03-14T11:35:49","modified_gmt":"2025-03-14T11:35:49","slug":"stocks-tumble-again-as-trumps-tariff-threats-push-sp-500-into-correction-territory","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/14\/stocks-tumble-again-as-trumps-tariff-threats-push-sp-500-into-correction-territory\/","title":{"rendered":"Stocks tumble again as Trump\u2019s tariff threats push S&P 500 into correction territory"},"content":{"rendered":"
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Stocks tumbled on Thursday, extending a three-week market downturn as investor sentiment remained pressured by new tariff threats from President Donald Trump. <\/p>\n

The sell-off pushed major indices deeper into correction territory, with the S&P 500 dropping 1.39% to close at 5,521.52, now down 10.1% from its record high. <\/p>\n

The Dow Jones Industrial Average fell 537.36 points, or 1.3%, marking its fourth consecutive decline and finishing at 40,813.57. <\/p>\n

The Nasdaq Composite was the worst performer, shedding 1.96%, with Tesla and Apple among the biggest losers.<\/p>\n

The losses have accelerated this week, with the S&P 500 and Nasdaq down 4.3% and 4.9%, respectively, since Monday. <\/p>\n

The Dow has lost 4.7% over the same period, putting it on pace for its worst weekly performance since June 2022.<\/p>\n

The Nasdaq has been in correction territory since earlier this month, now sitting more than 14% below its recent record high. <\/p>\n

Meanwhile, the small-cap Russell 2000 index is nearing a bear market, having declined roughly 19% from its peak. <\/p>\n

Wall Street defines a correction as a decline of 10% or more from recent highs, while a bear market is a drop of 20% or more.<\/p>\n

Trump’s tariff threats scare investors<\/h2>\n

The decline comes as President Trump reiterated his intention to impose aggressive trade policies<\/a>.<\/p>\n

On Thursday morning, he announced on Truth Social that he plans to implement 200% tariffs <\/a>on all alcoholic beverages imported from European Union countries in response to the bloc\u2019s 50% tariff on whisky. <\/p>\n

“This will be great for the Wine and Champagne businesses in the US,” the president wrote.<\/p>\n

Later in the day, he reaffirmed that a broader set of tariffs is still scheduled to take effect on April 2.<\/p>\n

Investor anxiety over Trump\u2019s trade policy has weighed heavily on markets this month, with concerns that escalating tensions could weaken corporate earnings and consumer confidence. <\/p>\n

There have also been growing fears that the policies may push the US economy into a recession<\/a>.<\/p>\n

Despite the market turmoil, Treasury Secretary Scott Bessent downplayed concerns, stating that the Trump administration is prioritizing long-term economic stability over short-term volatility. <\/p>\n

\u201cI\u2019m not concerned about a little bit of volatility over three weeks,\u201d he said in an interview on CNBC.<\/p>\n

Big movers on Thursday<\/h2>\n

On Thursday, the AAPL stock slumped around 3%.<\/p>\n

Apple shares have tumbled more than 12% this week, setting the stage for their worst weekly performance since March 2020. <\/p>\n

The stock is now trading at its lowest level since August 2024, having declined in 11 of the past 13 sessions. <\/p>\n

Fellow tech giant Adobe also saw its shares plunge 14% following the company\u2019s quarterly earnings report, as investors remained concerned about its growth outlook and artificial intelligence monetisation strategy. <\/p>\n

The sell-off came despite better-than-expected results, with adjusted earnings of $5.08 per share on revenue of $5.71 billion, surpassing analysts\u2019 expectations of $4.97 per share and $5.66 billion in revenue, according to LSEG.<\/p>\n

President Trump’s threat to impose a 200% tariff on wines, champagnes, and other alcoholic beverages from France and the wider EU triggered a sharp sell-off in European alcohol stocks<\/a>, with shares of French spirits makers Pernod Ricard and R\u00e9my Cointreau, as well as Italy\u2019s Davide Campari, all dropping around 4%.<\/p>\n

Intel shares bucked the general trend on Thursday. The INTC stock surged on Thursday <\/a>after the company announced that Lip-Bu Tan, former CEO of Cadence Design Systems, will take over as its chief executive on March 18. <\/p>\n

Bank of America responded to the news by upgrading Intel to Neutral from Underperform.<\/p>\n

The post Stocks tumble again as Trump’s tariff threats push S&P 500 into correction territory<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks tumbled on Thursday, extending a three-week market downturn as investor sentiment remained pressured by new tariff threats from President Donald Trump. The sell-off pushed major indices deeper into correction territory, with the S&P 500 dropping 1.39% to close at 5,521.52, now down 10.1% from its record high. The Dow Jones Industrial Average fell 537.36 <\/p>\n","protected":false},"author":1,"featured_media":37798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-37797","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=37797"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/37798"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=37797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=37797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=37797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}