Live Trump's steep tariffs are rocking markets and reshaping alliances. Follow the latest updates. BSE - Delayed Quote • INR Electrosteel Castings Limited (ELECTCAST.BO) Follow Compare 101.58 +1.89 +(1.90%) At close: 3:29:54 PM GMT+5:30 Related News Stock market today: S&P 500, Nasdaq plunge, Dow drops 1,300 points as Trump's tariffs shock markets US stocks plunged after President Trump announced a baseline 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order. 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. Commentary: How Trump's tariffs could harm Americans Investors once thought a market wipeout would dissuade President Trump from mounting a ruinous trade war. They were wrong. US economy 'dangerously vulnerable' to recession: Wall Street reacts to tariff fallout President Trump laid out his long-awaited tariff plans — and Wall Street economists are reacting with recession warnings. The stock market will be 'severely tested' by Trump's tariffs As larger-than-expected tariffs have sparked a massive stock market sell-off, Wall Street strategists are reassessing their 2025 outlooks for the equity market. How Trump's tariffs are hitting the retail sector President Trump's tariffs will likely hit retail hard, as most retailers have large exposure to Asian markets. Senior Reporter Brooke DiPalma joins the Morning Brief to take a look at how tariffs will impact Nike (NKE), Lululemon Athletica (LULU), and Dollar Tree (DLTR). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Nvidia, TSMC, chip stocks fall after Trump announces sweeping reciprocal tariffs Nvidia, TSMC, and other chip stocks fell Thursday following US president Trump’s announcement of sweeping reciprocal tariffs affecting the semiconductor supply chain. Trump tariffs make Best Buy a big loser as Citi downgrades the stock Best Buy could be walloped from new Trump tariffs. Trump tariffs send stocks spiraling! 3 things investors need to know At his "Liberation Day" spectacle at the White House Wednesday afternoon, Trump revealed a baseline tariff rate of 10% on countries that will go into effect on April 5.Additional tariffs will be added for some countries that the administration considers to be the worst offenders. Some of those alleged worst offenders are important sourcing and business regions for many large US companies such as Apple (AAPL), Nike (NKE), and Walmart (WMT). China, for example, will see an estimated reciprocal tariff of 34%. Vietnam at 32%. Japan is at 24%. The news has hit stocks, with Dow Jones Industrial Average futures down about 1,200 points, or nearly 3% (YM=F). S&P 500 futures are down 3.5% (ES=F), and Nasdaq futures are off by 3.8% (NQ=F). Japan’s Nikkei (^N225) and Hong Kong’s Hang Seng Index (^HSI) have also registered significant losses. Here’s the hot analysis investors need to know right now:First, retail stocks are getting battered. Walmart, Nike, and Under Armour (UAA, UA) are getting slammed as steep tariffs on China could hammer profits. Nike, for example, relies on China and Vietnam for 55% of its sourcing. Stifel analyst Jim Duffy estimates Nike could see $1.69 a share in earnings wiped out this year because of tariffs. Next up, Apple is going to have a rough day: Morgan Stanley estimates that the tariffs on iPhones and other devices from China will increase Apple’s annual costs by a whopping $8.5 billion. That could hit Apple’s profits by 52 cents next year. Brutal. And lastly, the technical takedown: Market technicians are locked in on the S&P 500’s March 13 closing low of 5,527.50. At this moment, the S&P 500 (^GSPC) is poised to test that low. A break through below the March lows intraday coupled with a new closing low could really damage sentiment further pros warn. RBC strategist Lori Calvasina says the S&P 500 has a clear shot to 4,900 if that low is breached. For more expert insight and the latest market action, click here. Trump announces sweeping range of reciprocal tariffs, 10% worldwide tariff in 'Liberation Day' proclamation The president's long-awaited tariff announcement, which marks a middle ground between competing approaches he weighed in recent weeks, could reorient the global trading system for decades. Tariffs slam retailers as Walmart and Nike see declines Retail stocks are taking a hit in after-hours trading, with Walmart (WMT) and Amazon (AMZN) seeing significant drops. Yahoo Finance Executive Editor Brian Sozzi joins Asking for a Trend host Josh Lipton to explain how tariffs on imports from China and the European Union could hurt retailers like Walmart, Amazon, and Nike (NKE). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Stocks close higher as Trump unveils tariffs plans All three of the major indexes (^DJI, ^GSPC, ^IXIC) closed higher on Wednesday ahead of President Trump's "Liberation Day" tariff announcement. 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 Overtime here. Tariff Shock Puts S&P 500 at Risk of 20% Drop, Says Sanctuary Wealth Chief strategist warns market correction may deepen as tariffs weigh on sentiment and pressure the Fed Meta, Snap, Reddit And Pinterest Slide As Tariffs Add To 'Digital Ads Volatility' Meta stock and other social media players tumbled Thursday on concerns that tariffs will slow spending in digital advertising. How Much More Can Stocks Fall? Hint: Plenty. As share prices fall, the market is reflecting the likelihood that earnings will be lower than expected. S&P 500 Could Slide to 4,900-5,300 Range on Tariff Impact, RBC Warns S&P 500 Faces Major Pullback Following Trump's New Tariffs Nvidia Downgraded at HSBC on Weak GPU Pricing Outlook; Shares Slide Over 7% Price target was cut from $175 to $120 on weaker fiscal 2026 outlook. US Equity Indexes Plunge With Treasury Yields, Dollar as Trump's Tariffs Spark Global Trade War Concern US equity indexes plummeted amid sharp declines in government bond yields and the dollar as concern US stocks tank and dollar slumps as Trump tariffs hit trading The S&P 500 was plummeting about 4% shortly after markets opened, hitting the lowest level since September. Trump Tariffs Put Another Stock Index on Track to Enter a Correction The equal-weight S&P 500 tumbled Thursday, putting the index on track to close in a correction as U.S. stocks reeled from President Trump's announcement of far-reaching tariffs. Performance Overview Trailing total returns as of 4/3/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX (^BSESN) Return ELECTCAST.BO S&P BSE SENSEX (^BSESN) YTD -27.00% -2.36% 1-Year -43.78% +3.27% 3-Year +160.49% +28.71%