U.S. Stock Market Plummets Amid Escalating Trade War
The U.S. stock market experienced a significant downturn today, with the Dow Jones Industrial Average dropping 350 points and the S&P 500 declining for the third consecutive day. This sharp decline is attributed to the escalating trade war between the United States and China, with new tariffs causing a roller coaster effect on stock prices.
Analysts from the Financial Times and other major financial news outlets have pointed out that the imposition of these tariffs has led to increased uncertainty among investors, prompting a sell-off in the market. The Washington Post reported that the trade tensions are not only affecting stock prices but also broader economic indicators, with fears of a looming bear market growing.
The New York Times highlighted that the current economic climate is reminiscent of previous trade wars, which historically have led to prolonged periods of market volatility. As the situation continues to unfold, investors are closely monitoring any developments in the trade negotiations, hoping for a resolution that could stabilize the market.
Detailed
Related issues news
What is the stock market?
The stock market is a trading network that connects investors looking to buy and sell stocks and their derivatives. An easy way to think about think about the stock market is to consider it as a network of stock exchanges where traders and investors buy and sell shares of publicly traded companies.
When does the stock market close today?
Core Trading Session: 9:30 a.m. to 4:00 p.m. ET.
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.
When has the stock market crashed?
On Oct. 29, 1929, known as Black Tuesday. During the dot-com bubble crash between 2000 and 2002. During the recession from 2008 to 2009. During the COVID-19 pandemic in March 2020.
Latest
Can you Like
