Microsoft Plays Tariff Hopscotch as Wall Street's Blood Pressure Rises
Key Points
- Stock market is tumbling as tariffs soar, with the S&P 500 d...
Looks like someone forgot to tell the stock market that playing economic chicken with tariffs isn't exactly a winning strategy. As the S&P 500 takes a 6.54% nosedive and the NASDAQ-100 plummets 8.40%, even the most caffeinated traders are reaching for their antacids.
Tariffs: The Gift Nobody Asked For
Cathie Wood of ARK Invest isn't mincing words about President Trump's latest tariff escapade, calling these levies what they really are - stealth tax hikes. With Chinese import tariffs soaring to a jaw-dropping 145% and Beijing responding with its own financial finger-wagging, the market's hav...
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