Trump, S&P 500 and Tariff Rollout
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USA TODAY |
US stocks end sharply lower. Dow loses 1700 points. S&P 500 and Nasdaq have worst day since 2020 on worries Trump has sparked a hard-to-end trade war.
The Baltimore Sun |
Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it.
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S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff on Wall Street, their biggest one-day loss in value since the emerging coronavirus pandemic sent global markets into a tailspin on March 16,
The S&P 500 plummeted nearly 5%, erasing $2.4 trillion in market value, marking the largest one-day loss since the 2020 coronavirus-induced market crash.
1don MSN
Major U.S. equities indexes ended Wednesday with minor gains as investors awaited clarity on impending shifts in U.S. trade policy. President Donald Trump announced the latest round of tariffs at an event beginning as Wednesday's trading session ended.
13hon MSN
President Donald Trump waited until after the market close on Wednesday to announce a new round of tariffs on goods imported from dozens of countries. On Thursday, investors showed their uncertainty over how the blossoming trade conflicts would affect the economy.
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Goldman Sachs cut its S&P 500 target and raised its recession forecast. The bank now sees a 35% chance of a recession in the next 12 months.
The consumer-discretionary and technology sectors took their lumps as President Trump altered U.S. trade policy.
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Tesla was one of the worst-performing stocks in the S&P 500 in the first quarter, with shares losing more than a third of their value since the start of 2025.
Stocks closed sharply lower on Thursday as President Donald Trump's latest tariffs rocked Wall Street, with the S&P 500 posting its worst daily drop since mid-2020, according to Dow Jones Market Data.