Live China retaliated with 34% tariffs on US goods, while Trump vows his policies will 'never change.' Shanghai - Delayed Quote • CNY Zhe Jiang Li Zi Yuan Food Co.,Ltd. (605337.SS) Follow Compare 12.12 +0.31 +(2.62%) At close: April 3 at 3:00:04 PM GMT+8 Related News Tariff-fueled downturn shouldn't impact Big Tech's AI spending The tech-heavy Nasdaq Composite (^IXIC) is set to enter a bear market. Futurum Group CEO Daniel Newman joins Catalysts with Madison Mills and Lumida Wealth Management CEO Ram Ahluwalia to discuss what President Donald Trump's new tariffs mean for tech CEOs and their artificial intelligence (AI) spending. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Fed Chair Jay Powell explains why he's always wearing a purple tie: 'We are strictly nonpolitical' The question has been answered: Yes, Fed Chair Jay Powell does think about what color tie to wear. Wall Street fears Trump's tariffs will wipe out 2024's stock market gains Wall Street strategists see an increasing chance their worst-case scenario for stocks in 2025 comes to fruition if Trump's trade war intensifies. Businesses 'on hold' as Trump sends mixed signals on tariffs President Donald Trump introduced new tariffs that sent US stocks (^DJI, ^GSPC, ^IXIC) spiraling lower. Trump has sent mixed signals about whether he's willing to negotiate on tariffs, saying his policies "will never change" in a Truth Social post on Friday after expressing openness to negotiations on Thursday. PNC Financial Services Group chief economist Gus Faucher and Annex Wealth Management chief economist and strategist Brian Jacobsen join Morning Brief with Julie Hyman and Madison Mills to discuss the impact of ongoing tariff uncertainty on the economy and market. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Oil tanks to multiyear lows as trade war escalates, cratering demand fears rise Oil tanked another 9% on Friday, extending losses from the prior session as China retaliated against US tariffs. Wall Street's biggest tech bull warns of $3,500 iPhones as 'economic Armageddon' looms from Trump tariffs Trump's tariff announcement continues to shake markets and is leading to shocking estimates from some analysts on how the price of goods might change for US consumers. Yahoo Finance newsroom analysis: How Trump's tariffs are affecting Big Tech, retailers, automakers, oil, and bonds President Trump promised big tariffs, and he didn't disappoint. Here's what sources are telling Yahoo Finance's newsroom about the tariff impact to certain sectors and asset classes. Nasdaq, S&P 500 see worst 1-day loss since 2020: Market Takeaways Trump's tariffs sent markets (^DJI, ^GSPC, ^IXIC) plummeting on Thursday, with the Nasdaq and S&P 500 seeing their biggest one-day losses since 2020. Yahoo Finance Markets Reporter Josh Schafer joins Asking for a Trend host Josh Lipton to break down the market trends of the day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Apple sheds over $300 billion in tariff-fueled sell-off, notches worst drop since March 2020 The tariff-fueled sell-off has erased over $900 billion from Magnificent Seven stocks. Dow sinks more than 1,600 points as Trump's tariffs rattle markets Stocks collapsed on Thursday due to President Trump's tariff plan. All three of the major indexes plummeted in Thursday's trading, with the Dow Jones Industrial Average (^DJI) losing 1,680 points, the S&P 500 (^GSPC) closing lower by nearly 5%, and the Nasdaq Composite (^IXIC) shedding nearly 6%. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the action at the close. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Chip stocks, big banks, homebuilders: Market Minute Josh Lipton highlights the top stories in this segment of Market Minute. Chip stocks are falling, including Nvidia (NVDA), Micron (MU), and Taiwan Semiconductor Manufacturing Company (TSM). Big banks are sliding on tariff concerns, including Bank of America (BAC), JPMorgan (JPM), and Citigroup (C). Homebuilder stocks, including D.R. Horton (DHI), Lennar (LEN), and Pultegroup (PHM), are in the red as tariffs spur worries over housing market recovery. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Medical device stocks, oil futures, Lamb Weston: Market Minute Josh Lipton goes over some of the top stories on this segment of Market Minute. Medical device stocks like GE Healthcare (GEHC) and Intuitive Surgical (ISRG) saw losses, while pharmaceutical companies remained unaffected by country-specific tariffs. Oil futures (CL=F, BZ=F) are dropping after OPEC Plus announced an unexpected supply increase. Lamb Weston (LW) stock surges after the company exceeded third-quarter earnings expectations. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. BofA Doubles Down on Nvidia, Broadcom as Tariffs Rattle Chip Sector Despite global tariff concerns, Bank of America favors chipmakers with U.S. capacity, cash flow, and AI exposure Think twice before bailing out of the stock market, financial advisers say The huge swings rocking Wall Street and the global economy may feel far from normal. Stomaching them is the price investors have had to pay in order to get the bigger returns that stocks can offer over other investments in the long term. Here's a glimpse at what's behind the market's wild moves and what experts advise investors young and old to consider: HOW BAD IS THE MARKET? TSX falls following worst day since June 2020 Investing.com -- Canada’s main stock indexes continued plummeting in trading on Friday following its worst day since June 2020. Nike, Lululemon Rebound as Trump Touts Call With Vietnam Leader (Bloomberg) -- Shares in companies that have large manufacturing operations in Vietnam, including Nike Inc. and Lululemon Athletica Inc., soared Friday after President Donald Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersLondon Clears Final Hurdle for More High-Speed Trai Magnificent Seven Stocks Dive As Apple, Nvidia, Tesla Plunge Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2024 with solid gains. Through the first three months of 2025, however, performance for these mega-cap stocks has been negative thus far. Boeing Stock Sinks to 2 1/2-Year Low Amid Trump Tariff-Fueled Sell-off Boeing shares tumbled Friday as markets extended their sell-off after China's response to the Trump administration's new tariffs. What Musk Leaving DOGE Would Mean for Tesla Stock Investors have worried for weeks the chief executive’s political activities have been hurting the EV maker’s brand. Tesla Stock Plunges. It Has to Do With China. President Donald Trump’s trade war enters a new phase: Retaliation. Tesla is getting caught in the crossfire. Performance Overview Trailing total returns as of 4/3/2025, which may include dividends or other distributions. Benchmark is SSE Composite Index (000001.SS) Return 605337.SS SSE Composite Index (000001.SS) YTD +7.35% -0.29% 1-Year -2.84% +8.89% 3-Year -22.30% +1.81%