Trade war escalation triggers stock market decline, financial planners recommend diversifying portfolios and staying calm.

From Yahoo Finance: 2025-04-04 22:23:00

The escalation of Trump’s trade war crushed the stock market this week, sparking recession fears. The Nasdaq 100 is officially in bear market territory, down 20%, while the S&P 500 is down 13%. Financial planners advise preparing for a possible recession by diversifying portfolios and focusing on long-term investments. It’s crucial not to panic and stay level-headed during market volatility. Building a cash reserve, paying down debts, and investing in career skills are key strategies to weather economic downturns.



Read more at Yahoo Finance: 5 actions to take now ahead of a possible recession