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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.

S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff on Wall Street, their biggest one-day loss in value since the emerging coronavirus pandemic sent global markets into a tailspin on March 16, 2020. The S&P 500 ended down almost 5% after U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.

(Bloomberg) -- The revival in small caps expected from Donald Trump’s America First agenda instead turned into a rout for shares in companies whose fortunes are most closely tied to the US economy.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 ‘Transportation Abundance’ Look