AAP

Wall Street benchmarks slumped overnight, ending with the largest one-day percentage losses since 2020, as US President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.

Australian shares have clawed back some of the morning's losses after fears over US tariffs eased during the session.

US stock futures have regressed in the hours following US President Donald Trump's sweeping tariff measures.

The Australian share market has edged higher, after paring early gains from hopes incoming US tariffs would be more targeted than expected.

It was a rollercoaster ride on Wall Street overnight.

Australian shares have tailed a rebound on Wall Street overnight, but investors remain cautious as a fog of uncertainty hangs over incoming US tariffs.

Overnight, a number of US stocks took a tumble.

The Australian share market has sold off as incoming tariffs ratchet-up fears of a US recession and deepen investor concerns about global growth.

It was a challenging end to the week for US stocks.

The Australian share market has edged higher after incoming tariffs and concerns over a potential hung parliament made for a choppy day's trade.

Australians will go to the polls on Saturday, May 3.

The Australian share market has finished in the red, following US and European equities lower as fresh tariffs on cars made outside America ended a brief reprieve from White House trade policy unease.

It was another challenging trading period overnight in the US, for a variety of reasons.

The Australian share market has posted its highest close in nearly three weeks, led by financials as banks continue to bounce off a post-earnings sell-off.

Wall Street stocks ended higher overnight, with Apple rising and Nvidia dipping as investors assessed consumer sentiment data and bet on a more flexible trade policy stance from the Trump administration next week.

Jim Chalmers claims the federal budget is in a better position than when Labor came to power three years ago, but there are economic storm clouds ahead.

The Australian share market had a volatile session, swinging high early but losing most of the gains by the close as banks dragged on the bourse.

Stocks closed broadly higher overnight amid hopes on Wall Street that the Trump administration may take a more targeted approach as it tees up a new round of tariffs on imported goods next week.

Australian shares have edged higher after an early lull, with the big four banks helping to lift the bourse into the green.

The S&P and Dow eked out slight gains, erasing earlier losses after comments from US president Donald Trump provided hope that previously announced tariffs expected to begin in early April may not be as burdensome as feared.

The Australian share market has overcome a choppy session to finish the day higher, while notching its best weekly performance for 2025.

US stocks closed slightly lower overnight after veering between gains and losses as investors gauged the latest round of economic data and the Federal Reserve's policy statement against tariff concerns.

The Australian share market has resumed its uptrend after the US Federal Reserve left US rates unchanged as expected and shrugged-off tariff concerns.

US stocks rallied overnight after the Federal Reserve kept rates unchanged as widely expected.

Australian shares have broken their modest three-day winning streak after gloomy investor sentiment returned to Wall Street overnight.

Wall Street swung back down overnight, and its former superstars once again led the way.

Australian shares pared early gains to finish only slightly higher, as US futures slumped on escalating conflict in the Middle East.

Wall Street stocks ended higher overnight and gold held near $3,000 per ounce.

Australian shares have finished higher for the second session in a row after a Wall Street turnaround and fresh stimulus talk from China.

US stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which US president Donald Trump's escalating trade war fuelled recession fears and doused risk appetite.

The local bourse has finished the week higher and ended a three-day losing streak, propped up by mining and utilities.

Wall Street ended sharply lower overnight and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed.