Trump tariffs crush S&P500

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Source: Dukascopy Bank SA
On Thursday, the S&P 500 lost $2.4 trillion in value, marking its biggest one-day drop since the market crash during the early days of the COVID-19 pandemic in March 2020. The selloff was triggered by comments from U.S. President Donald Trump, who raised fears of a full-blown trade war, particularly with China. These concerns led to worries about a global recession and the potential harm to international trade. The S&P 500 ended the day nearly 5% lower, with all sectors suffering losses. The energy and financial sectors were hit the hardest. This sharp drop followed existing concerns about the economy, including the lingering effects of the pandemic, rising costs, and supply chain issues.



Thursday's losses highlighted how quickly markets can react to unexpected news, especially when trade tensions or political changes arise. The drop in market value raised questions about whether the economy could be heading into a recession, though it's still too early to say for sure. The situation left investors and policymakers anxiously awaiting more signs of how the global economy might be affected.
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