USA-Stocks/Drop
Beijing, China - March 10, 2025 (CCTV - No access Chinese mainland)
1. Screenshot of Dow Jones Industrial Average
2. Screenshot of Nasdaq Composite Index
3. Screenshot of Standard and Poor's 500 index
FILE: New York City, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
4. Various of New York Stock Exchange (NYSE) building, U.S. national flags
FILE: New York City, USA - November 2022 (CGTN - No access Chinese mainland)
5. Various of Nasdaq building at Times Square, pedestrians
FILE: USA - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of U.S. dollar banknotes being printed
FILE: Philadelphia, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
7. U.S. national flag
FILE: New York City, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
8. Various of buildings, pedestrians, traffic
9. Various of buildings by river
U.S. stocks extended their losses on Tuesday, with the Standard and Poor's 500 edging closer to correction territory as trade tensions and weakening corporate outlooks fueled investor unease.
The Dow Jones Industrial Average lost 478.23 points, or 1.14 percent, closing at 41,433.48. The Standard and Poor's 500 dropped 42.49 points, or 0.75 percent, to 5,572.07, nearing a 10 percent pullback from its February peak. The Nasdaq Composite dipped 32.22 points, or 0.18 percent, to 17,436.1 after bouncing up and down for much of the session.
All 11 primary Standard and Poor's 500 sectors finished in negative territory, with industrials and consumer staples leading the declines, down 1.54 percent and 1.18 percent, respectively. Consumer discretionary stocks fell the least, slipping 0.26 percent.
Trade policy uncertainties remained a focal point for investors after U.S. President Donald Trump announced on Truth Social that tariffs on Canadian steel and aluminum would double to 50 percent starting Wednesday, citing Ontario's decision to impose a 25 percent tariff on electricity exports to the United States.
However, later on Tuesday, Ontario Premier Doug Ford announced a suspension of the extra electricity charges, and reports indicated that the United States had agreed to further negotiations.
Markets remain wary of escalating trade tensions, with concerns that Trump's aggressive tariff policies could disrupt global supply chains, squeeze corporate profits, and fuel inflation, potentially slowing economic growth. The unpredictability of trade measures has added to market anxiety.
The 10-year U.S. Treasury yield, which had been declining in recent weeks amid rising concerns about the economy, edged higher on Tuesday. It stood at 4.28 percent as of 16:30 Eastern Daylight Time, up from 4.21 percent at Monday's close and rebounding from an intraday low of 4.15 percent.
Although Tuesday's economic data calendar was relatively light, markets remain on edge ahead of the key consumer price index (CPI) report set for release Wednesday morning.
USA-Stocks/Drop
Dateline : March 11, 2025/File
Location : United States
Duration : 1'08
Beijing, China - March 10, 2025 (CCTV - No access Chinese mainland)
1. Screenshot of Dow Jones Industrial Average
2. Screenshot of Nasdaq Composite Index
3. Screenshot of Standard and Poor's 500 index
FILE: New York City, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
4. Various of New York Stock Exchange (NYSE) building, U.S. national flags
FILE: New York City, USA - November 2022 (CGTN - No access Chinese mainland)
5. Various of Nasdaq building at Times Square, pedestrians
FILE: USA - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of U.S. dollar banknotes being printed
FILE: Philadelphia, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
7. U.S. national flag
FILE: New York City, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
8. Various of buildings, pedestrians, traffic
9. Various of buildings by river
U.S. stocks extended their losses on Tuesday, with the Standard and Poor's 500 edging closer to correction territory as trade tensions and weakening corporate outlooks fueled investor unease.
The Dow Jones Industrial Average lost 478.23 points, or 1.14 percent, closing at 41,433.48. The Standard and Poor's 500 dropped 42.49 points, or 0.75 percent, to 5,572.07, nearing a 10 percent pullback from its February peak. The Nasdaq Composite dipped 32.22 points, or 0.18 percent, to 17,436.1 after bouncing up and down for much of the session.
All 11 primary Standard and Poor's 500 sectors finished in negative territory, with industrials and consumer staples leading the declines, down 1.54 percent and 1.18 percent, respectively. Consumer discretionary stocks fell the least, slipping 0.26 percent.
Trade policy uncertainties remained a focal point for investors after U.S. President Donald Trump announced on Truth Social that tariffs on Canadian steel and aluminum would double to 50 percent starting Wednesday, citing Ontario's decision to impose a 25 percent tariff on electricity exports to the United States.
However, later on Tuesday, Ontario Premier Doug Ford announced a suspension of the extra electricity charges, and reports indicated that the United States had agreed to further negotiations.
Markets remain wary of escalating trade tensions, with concerns that Trump's aggressive tariff policies could disrupt global supply chains, squeeze corporate profits, and fuel inflation, potentially slowing economic growth. The unpredictability of trade measures has added to market anxiety.
The 10-year U.S. Treasury yield, which had been declining in recent weeks amid rising concerns about the economy, edged higher on Tuesday. It stood at 4.28 percent as of 16:30 Eastern Daylight Time, up from 4.21 percent at Monday's close and rebounding from an intraday low of 4.15 percent.
Although Tuesday's economic data calendar was relatively light, markets remain on edge ahead of the key consumer price index (CPI) report set for release Wednesday morning.
ID : 8419542
Published : 2025-03-12 11:48
Last Modified : 2025-03-12 20:03:17
Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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