Global stock market plunges due to escalating trade tensions and fears of economic impact

From Nasdaq: 2025-04-04 13:09:00

Stock indexes plunged today, with the S&P 500, Dow Jones, and Nasdaq 100 all down significantly. China’s retaliation with a 34% tariff on US imports deepened stock losses. US March payrolls beat expectations, but fears of a global trade war and potential recession weighed on markets.

President Trump announced reciprocal tariffs on almost all countries, with higher rates on specific nations. This move fueled concerns over US trade policies impacting economic growth. The global equity selloff drove investors to seek safety in government bonds, with European bond yields hitting lows. Fed Chair Powell’s speech on the economic outlook is awaited.

Looming US tariffs have pressured stock markets, with fears of economic impact. President Trump’s recent policies have escalated trade tensions. Chip makers, tech giants, and Chinese stocks plummeted after China announced tariffs. Energy stocks fell as WTI crude hit a 4-year low. Defensive sectors like food and healthcare saw gains amidst market turbulence. Earnings reports included Aldeyra Therapeutics, Gencor Industries, and Radius Recycling.



Read more at Nasdaq: Stock Rout Continues on Global Trade War Fears