Last week marked Wall Street’s worst performance since early 2020, as Donald Trump's proposed tariffs raised global investor concerns regarding inflation and economic growth. Despite warnings from the Federal Reserve and the significant decline in stock indexes like the S&P 500 and Dow, Trump remained steadfast in his approach, prompting fears of an impending trade war with China. The Nasdaq Composite also plunged into bear market territory, reflecting worsening market sentiment and worries about a recession, culminating in a loss of trillion-dollar market value across major indexes.
Wall Street faced its worst week since the Covid-19 crisis onset, driven by investor concerns over Trump's proposed tariffs and their potential economic impact.
Trump's insistence on maintaining his controversial tariff strategy, alongside warnings from the Federal Reserve, exacerbated fears about inflation and decelerating growth.
The Dow's significant decline wiped out a staggering $6.4 trillion in market value as fears of a trade war with China escalated.
China's announcement of retaliatory measures against Trump's tariffs signals a looming trade war, complicating global economic stability and investor confidence.
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