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Benzinga
  • 10 months ago
Risk-off sentiment intensified Tuesday as U.S. stocks extended sharp losses after President Trump renewed tariff threats tied to Greenland, rattling global markets, according to Benzinga. The S&P 500 and Nasdaq 100 each fell about 2%, marking their worst sessions in more than three months. The Magnificent Seven erased roughly $700 billion in market value, led by declines in Nvidia and Apple. Gold jumped 1.9% to a record near $4,760 an ounce as investors moved into safe havens. Oxford Economics warned a 25% tariff escalation could cut U.S. GDP by about 1% at peak impact and slow global growth to roughly 2.6%. U.S. Treasury yields continued rising, limiting their usual defensive role.

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00:00It's Benzinga bringing Wall Street to Main Street
00:02Risk-off sentiment intensified Tuesday as U.S. equities extended losses after Trump renewed tariff
00:08threats tied to Greenland, unsettling global markets, according to Benzinga. The S&P 500
00:14and Nasdaq 100 each fell around 2%, marking their worst sessions in more than three months as
00:19selling spread across Wall Street. The Magnificent 7 erased roughly $700 billion in market value,
00:25led by declines in NVIDIA and Apple. Gold rose 1.9% to $4,760 per ounce,
00:33reaching record highs as investors shifted towards safe haven assets. Economists warned
00:38that escalating transatlantic trade tensions could weigh on growth. Oxford Economics said a 25%
00:44tariff escalation could lower U.S. GDP by about 1% at peak impact and slow global growth to around
00:502.6%. U.S. Treasury yields continued to rise, limiting their usual defensive role.
00:56For all things money, visit Benzinga.com.

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