From Yahoo Finance: 2025-04-05 06:00:00

Trump’s tariff announcement caused the S&P 500 to plummet nearly 6% on Friday, marking the worst week since the start of the pandemic. China retaliated with 34% tariffs, sparking further selling. Market fears of a trade war escalation driving recession risks prompted investors to price in over four Fed rate cuts this year. President Trump’s social media pledge for unchanging policies added to market anxiety. Fed Chair Powell, however, remained noncommittal on rate cuts. The market’s uncertainty and negative response to recent events have left investors wanting more stability and clarity.



Read more at Yahoo Finance: The worst week since 2020: Chart of the Week