Wall Street Shaken By Tariffs: Mixed Day For Stocks Amid Economic Uncertainty

Stocks on Wall Street experienced mixed trading on Thursday as President Donald Trump's tariffs took effect across multiple countries. The S&P 500 fell slightly by 0.1%, while the Dow Jones Industrial Average plunged 330 points, or 0.7%, and the Nasdaq composite gained 0.4%.

Amid worries about the economic impact of the tariffs, strong profit reports from major US companies and potential interest rate cuts from the Federal Reserve are providing some relief. The Bank of England also cut interest rates to bolster the slow-moving UK economy as US tariffs remained a significant point of contention.

Wall Street faces criticism for soaring stock prices, with analysts noting the market's swift recovery since April. Further adding to Wall Street's volatility, corporate performances varied, with Apple rising by 3% after announcing increased US manufacturing investment, overshadowing setbacks seen by companies like Eli Lilly and Intel.

(With inputs from agencies.)