Live Trump's steep tariffs are rocking markets and reshaping alliances. Follow the latest updates. NSE - Delayed Quote • INR Sanofi India Limited (SANOFI.NS) Follow Compare 6,003.15 +127.20 +(2.16%) At close: 3:30:00 PM GMT+5:30 Related News Trump just put the Fed in an 'even greater bind' President Trump just made the job of the Federal Reserve that much more difficult as he unveiled the steepest tariffs in more than 100 years, taking markets by surprise. This analyst is 'not too worried' about Nvidia's pricing power Nvidia (NVDA) was downgraded to Hold by HSBC, citing the company's limited pricing power in the face of tariffs. Stacy Rasgon, Bernstein managing director and senior analyst, joins Catalysts to discuss the semiconductor industry and Nvidia's pricing power amid tariffs. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Stock market today: S&P 500, Nasdaq plunge, Dow drops 1,200 points as Trump's tariffs rip through global 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. 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. Epic Games CEO calls Apple and Google 'gangster-style' businesses in need of competition Epic Games CEO Tim Sweeney, whose company makes Fortnite and tools for other developers, including Unreal Engine, called out Apple and Google as "gangster-style businesses" engaged in illegal practices while speaking at a Y Combinator event on Wednesday. The executive also emphasized how the big tech companies' practices directly affected his own business by scaring away users from installing Epic's Games Store software and preventing Epic from attracting developers to its offerings. Notably, Ep Trump's first 50 days mark one of the worst starts for the S&P 500 under any presidency The Trump stock market is off to one of the shakiest starts when stacked up against other presidencies. Amazon, BlackBerry, Petco: Market Minute Here are some of the stories moving markets on Wednesday, April 2. Amazon (AMZN) made a last-minute bid to try to acquire all of TikTok, according to a New York Times report. Shares of BlackBerry (BB) are falling after issuing disappointing first quarter and full-year revenue guidance. Petco (WOOF) stock is jumping after it was revealed its CEO bought about 1.6 million shares. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Amazon Is Launching a New Internet Empire--From Space The first 27 Kuiper satellites are heading to orbit, kicking off Amazon's high-stakes battle with Starlink. Nvidia, Apple, TSMC, Tesla Shares Slide on New U.S. Tariffs; Wedbush Sees Buying Opportunity The tariffs propose rates of 34% on China and 32% on Taiwan, with the China figure potentially reaching 54%. Is Rogers Corporation (ROG) The Best Beaten Down Stock to Buy According to Analysts? We recently published a list of 10 Best Beaten Down Stocks to Buy According to Analysts. In this article, we are going to take a look at where Rogers Corporation (NYSE:ROG) stands against other best beaten down stocks to buy according to analysts. JPMorgan released a market update where it highlighted the US Fed’s recent […] Is ASGN Incorporated (ASGN) The Best Beaten Down Stock to Buy According to Analysts? We recently published a list of 10 Best Beaten Down Stocks to Buy According to Analysts. In this article, we are going to take a look at where ASGN Incorporated (NYSE:ASGN) stands against other best beaten down stocks to buy according to analysts. JPMorgan released a market update where it highlighted the US Fed’s recent […] Analyst Explains Why Investors Keep Selling NVIDIA (NVDA) Shares, Thinks ‘Doesn’t Matter’ What Jensen Huang Says We recently published a list of Top 10 Stocks to Watch as AI Trade Dynamics Change. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other top stocks to watch as AI trade dynamics change. Aswath Damodaran from NYU Stern School of Business said in a recent […] Analyst Says Meta Platforms (META) Has ‘Caught Up To’ TikTok We recently published a list of Top 10 Stocks to Watch as AI Trade Dynamics Change. In this article, we are going to take a look at where Meta Platforms (NASDAQ:META) stands against other top stocks to watch as AI trade dynamics change. Aswath Damodaran from NYU Stern School of Business said in a recent […] Analyst Says Amazon.com (AMZN) Should ‘Continue to Compound’ – Here’s Why We recently published a list of Top 10 Stocks to Watch as AI Trade Dynamics Change. In this article, we are going to take a look at where Amazon.com Inc (NASDAQ:AMZN) stands against other top stocks to watch as AI trade dynamics change. Aswath Damodaran from NYU Stern School of Business said in a recent […] 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 SANOFI.NS S&P BSE SENSEX (^BSESN) YTD -1.95% -2.36% 1-Year -29.60% +3.27% 3-Year -10.72% +28.71%