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Stock impact report

Brutal reversals in stocks shows perils of Trump tariff swings [BNN Bloomberg (Canada)]

Horizon Bancorp, Inc. (HBNC) 
Last horizon bancorp, inc. earnings: 4/29 05:30 pm Check Earnings Report
Company Research Source: BNN Bloomberg
U.S. stocks sank anew Thursday, 30-year Treasury yields spiked higher, oil tumbled and the dollar fell versus major peers. All of the moves ebbed and flowed in sometimes violent fashion as the session wore on. The S&P 500's 3.5 per cent drop unwound nearly half the rally after U.S. President Donald Trump paused the harshest tariffs on most trading partners yesterday afternoon. Volatility gauges remained elevated. The underlying cause of the market's swings — uncertainty on Trump's tariff initiatives and an escalating trade spat with China — remained. The White House confirmed Thursday China now faces a 145 per cent levy on all goods it sends to the U.S. Trump officials insisted negotiations with many countries were making progress, the White House offered no details or even the names of the partners involved. “The root cause of all this turbulence is a deep disdain for U.S. assets across the board because of Trump's trade policies, with investors revolting against everything,” sa Show less Read more
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