Stock Market Plummets Amid Trump’s Tariff Policies
The U.S. stock market experienced significant turbulence today, with major indices like the Dow Jones, S&P 500, and Nasdaq all recording sharp declines. This downturn is largely attributed to President Donald Trump's recent tariff announcements, which have sent shockwaves through the global financial markets.
The Dow Jones Industrial Average dropped over 300 points in early trading, while the S&P 500 hit its lowest point since November. The Nasdaq, already in correction territory, continued its downward spiral, reflecting investor concerns over the potential impact of the new tariffs on global trade.
President Trump has publicly blamed 'globalists' for the economic downturn, a statement that has further fueled market volatility. Key tech stocks like Nvidia, Tesla, Palantir, and Broadcom were particularly affected, with investors reacting to the uncertainty surrounding future trade policies.
The latest jobs report, which was expected to provide some positive news, failed to lift market sentiment as investors focused on the broader implications of the tariff policies. Analysts are now closely watching for any policy shifts that could stabilize the markets in the coming days.
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Why is the Nasdaq down?
The Nasdaq has entered a correction After fighting through smaller blips to start the year as concerns grew over Big Tech's AI-dominant theme, fears about tariffs and US economic growth have tanked the tech-heavy index.
Why is the market selling off?
The U.S. stock market has endured a volatile stretch of trading—with the Dow and S&P 500 on pace for their worst week in two years—amid ongoing uncertainty about the impact of policies coming out of the Trump White House and fears that the U.S. economy is headed toward a big slowdown.
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