U.S. Stock Market Plunges Amid Trump Tariff Concerns
The U.S. stock market experienced a significant downturn this week, triggered by escalating concerns over President Trump's tariff policies. Asian stock markets also felt the ripple effect, sliding as the selloff deepened. The S&P 500 futures saw a notable plunge, threatening to end the long-standing bull market that investors have enjoyed.
Reports indicate that stock bulls are bailing out in droves, with the upcoming jobs report anticipated to be a critical factor. The market's reaction has been swift and severe, with the S&P 500 futures down 2.5% and the Nasdaq down 3.2% as markets reopened for the week. This volatility underscores the fragility of the current economic climate and the significant impact of trade policies on global markets.
The situation remains fluid, with investors closely monitoring further developments from the Trump administration. The potential end of the bull market could have far-reaching implications for the U.S. economy and beyond, as stakeholders brace for what might come next in this unfolding economic drama.
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What is a trade war?
A trade war is an economic conflict often resulting from extreme protectionism, in which states raise or implement tariffs or other trade barriers against each other as part of their commercial policies, in response to similar measures imposed by the opposing party.
Why is the stock market tanking?
Financial markets around the world have been slammed by the Trump adminstration's sweeping tariffs on its trading partners, and China's swift retaliation. Share markets have posted their biggest declines since the COVID pandemic hit in 2020, as fears of US recession surged.
When is the stock market open?
The NYSE is open from Monday through Friday 9:30 a.m. to 4:00 p.m. Eastern time. The NYSE may occasionally close early, either on a planned or unplanned basis.
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