Stocks Fall On Tariffs Fears, Dollar Hits 6-Month Peak, Yen Tumbles: What's Driving Markets Tuesday?

Quick Summary:

Wall Street saw the first surge in risk aversion after Donald Trump's election victory last week, as concerns grew over potential tariffs and trade policy shifts spurred by the incoming administration's key appointments.

Trump is reportedly considering Sen.Marco Rubio (R-Fla.) for secretary of state and Rep.Mike Waltz (R-Fla.) for national security advisor.

Both are vocal hawks on China and NATO, raising concerns of a tougher U.S.stance that could strain key geopolitical and trade relationships.

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesChinaJapan

Topics: US78467X1090 SPY HD US81369Y3080 US6745991058 Cryptocurrency US73935A1043 Top Stories CAVA US81369Y1001 Stories That Matter TSN Benzinga US81369Y6059 Asia Tech XLK US4370761029 US9024941034 SHOP Econ #s Commodities IWM OXY ETFs US4642874329 FLUT Global Economics Broad U.S. Equity ETFs DIA $BTC US81369Y8030 SPOT Pro Project QQQ XLP Politics Large Cap XLF TLT US78462F1030 US5380341090 Government NTRA US4642876555 Midday update XLB LYV

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 17:43:21 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23557524

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