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President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it's going very well.” “The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White House to fly to one of his Florida golf clubs. The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Republican president's announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.

Fast food restaurants have been mostly spared from the impact of Trump's tariffs.

(Reuters) -Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans. AppLovin said in a regulatory filing that its proposal for TikTok is preliminary and there can be no assurance that a transaction will proceed. Bidders for the short video social media company are piling up, as the weekend deadline for TikTok to find a buyer approaches.

Stocks cratered and bond yields hit their lowest level since October as investors flee risk assets and predict a hit to economic growth.

Shares of RH plummeted Thursday on the heels of disappointing earnings results and sweeping tariffs announced by the Trump administration.

Fears of a recession intensified after President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, and the KBW Nasdaq Bank Index tumbled by nearly 10%.

Interparfums, Estee Lauder and Covergirl's parent company, Coty, are "defensive" investments, analysts wrote in recent note.

On March 7, U.S. Treasury Scott Bessent said the U.S. economy could be in for a "detox period" as it adjusted to President Donald Trump's transformative policy agenda. The gyrations on Wall Street and beyond on April 3 following Trump's sweeping global tariffs the day before suggest that may be a huge understatement. U.S. stocks, the dollar and oil cratered on Thursday, bond yields plunged and volatility soared, as Trump's tariffs at a stroke darkened the near-term outlook for spending, investment, corporate earnings, economic activity and growth.

(Bloomberg) -- Mexico’s stock market soared the most in the world on Thursday as investors piled in following the news that the country was excluded from President Donald Trump’s plan to impose tariffs on trading partners. 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 Trains to EuropeWhat Would ‘Tran

The S&P 500 plunged 4.8% on Thursday, April 3, 2025, after the Trump administration imposed expansive tariffs on imports from countries across the world.