World markets plunged a day after Trump announced sweeping reciprocal tariffs after the bell on Wednesday. He slapped a baseline 10% levy on all goods entering the U.S., and hit China with 34% and the E.U. 20%. As expected, stock markets tanked across the board on Thursday. The Nasdaq nosedived 6% and lost over 1,000 points, the S&P tumbled 4.84% while the Dow plunged about 4% or 1,679 points.<\/p>\n
Many major stocks lost more than 5%, but even bigger losses included Bank of America<\/a> at -11.06%. Dell<\/a> -19%, Best Buy<\/a> -17.84%, Apple<\/a> -9.25%, Norwegian Cruise Lines<\/a> -16.36% and Nvidia<\/a> -7.81%. Bitcoin<\/a> slid 4.35% to below US$82,000 while the U.S. 10-year yield fell to 4.042%.<\/p>\n While existing 25% tariffs against Canada remain, Trump extended the exemption on those goods compliant with the CUSMA trade agreement. However, Prime Minster Carney slapped a 25% tariff on American autos not compliant with CUSMA, adding that Trump’s tariffs “will rupture the global economy.” The TSX shed 3.87% or nearly 1,000 points. Tech and energy led most of the sectors down, while telcos and another sector enjoyed the only gains. Among the major movers were Aritzia<\/a> at -20.42%, Shopify<\/a> -19.63%, Celestica<\/a> -17.52% and Capstone Copper<\/a> -14.98%. Investors found a haven in dividend payers, such as Telus, which climbed 2.3%.<\/p>\n 🏛 Bank of America <\/a>(BAC-N)<\/a> -11.06%<\/span><\/p>\n 💾 Dell Computers <\/a>(DELL-N)<\/a> -19%<\/span><\/p>\n 🛒 Best Buy Company Inc <\/a>(BBY-N)<\/a> -17.84%<\/span><\/p>\n 🍎 Apple Inc <\/a>(AAPL-Q)<\/a> -9.25%<\/span><\/p>\n 🚢 Norwegian Cruise Line Holdings <\/a>(NCLH-N)<\/a> -16.36%<\/span><\/p>\n 💾 NVIDIA Corporation <\/a>(NVDA-Q)<\/a> -7.81%<\/span><\/p>\n 🅱 Bitcoin (BTCUSD) <\/a>(CRYPTO:BTC)<\/a> -4.35%<\/span><\/p>\n 👗 Aritzia Inc. <\/a>(ATZ-T)<\/a> -20.42%<\/span><\/p>\n 🛍 Shopify Inc. <\/a>(SHOP-T)<\/a> -19.63%<\/span><\/p>\n 🧬 Celestica Inc <\/a>(CLS-T)<\/a> -17.52%<\/span><\/p>\n ⛏ Capstone Copper Corp <\/a>(CS-T)<\/a> -14.98%<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" World markets plunged a day after Trump announced sweeping reciprocal tariffs after the bell on Wednesday. He slapped a baseline 10% levy on all goods entering the U.S., and hit China with 34% and the E.U. 20%. As expected, stock […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-343183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=343183"}],"version-history":[{"count":4,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343183\/revisions"}],"predecessor-version":[{"id":343190,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343183\/revisions\/343190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=343183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=343183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=343183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}