• Sat, Mar 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

17 October 2025 03:11  |

US Equities Slide on Bank Losses, Trade Worries

Wall Street stocks fell on Thursday, giving up earlier gains as renewed credit concerns and persistent US-China trade tensions weighed on sentiment.

The S&P 500 and Nasdaq 100 each dropped over 0.7%, while Dow Jones lost more than 300 points. Financial stocks led the selloff, with regional banks like Zions Bancorporation (-13%) and Western Alliance (-10.8%) plunging after disclosing sizable loan losses.

The declines came despite a rally earlier in the session driven by chipmakers after TSMC raised its full-year revenue forecast and reported a nearly 40% jump in profit, fueling optimism about AI-driven demand. Major tech and AI stocks showed mixed moves: Apple fell 1.4%, Meta down 1.6%, Tesla 2.7% lower, Amazon 1.1%, while Nvidia rose 0.4%. US-China trade tensions remain high, with Trump declaring on Wednesday, "You're in a trade war now," Meanwhile, the third-week government shutdown continues to delay key economic data, adding to market uncertainty.

Source: Trading Economics

Related News

MARKET UPDATE

Asian Markets Tend to Be Cautious Following US Data Release...

Asian stock markets opened without a clear direction on Wednesday (August 6th), after weak US services sector data fueled unc...

6 August 2025 07:48
MARKET UPDATE

Asian Stocks Down, Focus on Korea, Middle East

Asian stocks started the week on a weak note, as investors grappled with South Korea’s political turmoil and awaited fresh ...

9 December 2024 07:43
MARKET UPDATE

Asian Stocks Drop as Trump’s Tariff Deadline Nears

Asian shares slumped at the open as White House pushing ahead with sweeping tariffs on trading partners including a 104% le...

9 April 2025 07:25
MARKET UPDATE

Asian Stocks Fluctuate on Hints of Tariff Relief

Stocks remained volatile in Asia after U.S. Commerce Secretary Howard Lutnick suggested the Trump administration may lift som...

5 March 2025 07:32
BIAS23.com NM23 Ai