Equity long/short hedge funds wipe out year gains in market rout
  • April 3, 2025

Equity long/short hedge funds wipe out year gains in market rout

NEW YORK (Reuters) -Global equity long/short hedge funds erased their gains for the year on Thursday as stocks plunged after the Trump administration announced sweeping tariffs. The funds showed a 1.7% fall on the day, Goldman Sachs said. As of Thursday, long/short hedge funds were down 1.6% for the year.

Why Nike (NKE) Stock Is Down Today
  • April 3, 2025

Why Nike (NKE) Stock Is Down Today

Shares of athletic apparel brand Nike (NYSE:NKE) fell 15% in the pre-market session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.