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Wall Street’s flagship stock market has lost all its gains since the election of Donald Trump in November after the US imposed tariffs on its closest allies and China.

Investors weighed Canada and China's response to President Donald Trump's delivery of new tariffs

With the crypto market recording $1 billion in liquidations over the last 24 hours, Bitcoin miners are seeing stock prices plummet.

(Bloomberg) -- Federal Reserve Bank of New York President John Williams said he anticipates tariffs will contribute to inflation, but emphasized there is a lot of uncertainty about how the economy will respond to President Donald Trump’s levies. Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowUS Tent Facility is Holding Migrant Families Longer Than Recommende

Billionaire investor Bill Gross told BI that he's worried about tariffs stoking inflation and choking growth, and recommended four defensive stocks.

President Trump has unveiled a new proposal for a strategic crypto reserve, shifting his focus from a Bitcoin-only reserve to a more diversified approach. His plan involves a reserve comprising Bitcoin — often dubbed “digital gold” for its inflation-hedging properties — alongside Ether, XRP, Solana, and Cardano.

The tariff move by U.S. President Donald trump fueled investor worries about the impact on the economy, and also weakened the dollar as investors moved into safe haven Treasuries, pushing yields lower. The Dow Jones Industrial Average unofficially closed down 1.63%, the S&P 500 down 1.3% and the Nasdaq Composite, down 0.34%.