US stock market lost $5.4 trillion in value in two days due to Trump's tariffs

From Yahoo Finance: 2025-04-04 16:26:00

The S&P 500 Index hit an 11-month low, losing $5.4 trillion in market value in two days due to concerns about inflation from Trump’s tariffs. All sectors in the S&P 500 declined, with Nvidia and Apple falling at least 7%. China imposed a 34% tariff on all American imports, escalating the trade war. The Cboe Volatility Index jumped to levels of past market turbulence. Job growth exceeded expectations in March, but recession fears persist due to the trade war. Traders now expect the Fed to cut rates multiple times this year. Stock prices plummeted, with tech and energy companies hit the hardest.



Read more at Yahoo Finance: US Stock Market Wipes Out Over $5 Trillion on Trump’s Tariff War