Trump’s Trade War Triggers Market Crash, Recession Fears Rise
Fueled by President Trump’s threat of new tariffs on the European Union, US stocks experienced a significant downturn Thursday, pushing the S&P 500 into correction territory—down over 10% from its February high. This selloff, exacerbating existing concerns about trade uncertainty, follows a similar decline in the Nasdaq. The Dow fell by 537 points (1.3%), the S&P 500 dropped 1.39%, and the Nasdaq Composite decreased by 1.96%. While cooling inflation data initially offered some relief, escalating trade tensions ultimately dominated market sentiment.
John Q. Hosedrinker