S&P 500 closes in a correction as U.S. stocks slide on more Trump tariff threats
The S&P 500 officially joined the Nasdaq Composite...
The S&P 500 officially joined the Nasdaq Composite in correction territory on Thursday, after cementing a close at least 10% below its previous peak level.
U.S. stocks remain under pressure as President Trump continues negotiating freely with major U.S. trade partners. Alcohol products from Europe are now in the tariff spotlight.
The Dow Jones Industrial Average shed 536.36 points, or 1.3%, ending at 40,813.57.
The S&P 500 closed down 77.78 points, or 1.4%, at 5,521.52, logging its first correction since Oct. 27, 2023, according to Dow Jones Market Data.
The Nasdaq Composite shed 345.44 points, or 2%, closing at 17,303.01.
Treasury Secretary Scott Bessent attempted to sooth investors earlier in the session, saying the Trump administration was focusing on the economy long term, rather than three weeks of volatility in markets.
Despite early optimism on Wall Street about Trump's second term, the Dow, S&P 500 and Nasdaq have erased their gains since November's presidential election — and then some — ending Thursday at lows last seen in mid-September.
Natural gas has emerged as a pivotal component of the US export economy,...
Natural gas has emerged as a pivotal component of the US export economy, overtaking crude oil in importance. The country has transformed into the world's largest supplier of liquefied natural gas in just seven years, with production capacity expected to grow by 60% during President Donald Trump's second term, and the rapid expansion enabling the US to provide a significant portion of the world's LNG.
Hydrogen isn't fading -- it's evolving from an all-purpose climate...
Hydrogen isn't fading -- it's evolving from an all-purpose climate solution toward more targeted, practical applications in heavy industry, transportation and shipping, industry leaders said during a CERAWeek panel discussion. While blue hydrogen maintains a cost advantage, panelists warned that its future depends on clearer policies, stronger market incentives and expanded carbon capture infrastructure.
EU and Canada announce retaliatory tariffs on the U.S.
In response to President Trump’s additional tariffs on imported steel...
In response to President Trump’s additional tariffs on imported steel and aluminum, the European Union and Canada said they would impose tens of billions of dollars’ worth of levies on the US. Starting April 1, the EU will slap tariffs on $28 billion of US goods, including whiskey and motorcycles. A second set of levies is scheduled to hit poultry, soybeans, and other goods in mid-April. Canada, meanwhile, announced 25% reciprocal tariffs on steel products and raised rates on tools, computers, sports equipment, and more. Canadian Prime Minister-designate Mark Carney warned after his election that tariffs would remain “until the Americans show us respect.”
