Wall Street’s significant sell-off reached a new low as President Trump intensified his trade war, leading the S&P 500 to drop over 10% from its recent peak. The correction, defined as a 10% decline, marks a troubling point for investors amidst an onslaught of volatile market movements. Trump's threat of steep tariffs on European wines compounded existing fears about economic stability as businesses reported declining consumer confidence due to tariff uncertainties. Many are concerned about potential reductions in spending and overall economic growth as a result of these trade tensions.
The recent Wall Street sell-off marks the S&P 500's first correction since 2023, largely driven by escalating tensions in Trump's trade war.
Despite positive economic news, stocks plummeted as President Trump threatened tariffs on European wines, highlighting the rampant uncertainty from the ongoing trade disputes.
Collection
[
|
...
]