Despite Trump’s reversal on tariffs and the rebound of global markets, the U.S. stock market is experiencing a downturn today. This decline follows the loss of approximately 6 trillion dollars in the U.S. stock market over the past week.
Today, the S&P 500 dropped over 2%, while the Nasdaq Composite tumbled 2.9%. The Dow Jones Industrial Average fell more than 600 points, or 1.7%. The 10-year Treasury yield fell to around 4.35%.
Yesterday, the market soared to record highs following the emergence of news about Trump’s tariff reversal. The S&P 500 climbed 9.5%, while the Nasdaq Composite jumped 12.1%. The Dow Jones Industrial Average increased by 2,962 points, or 7.9%.
Experts believe that Wall Street is proceeding cautiously today following Trump’s increase of tariffs on China to 125%.
Commenting on market turbulence Wednesday, Trump stated, “Over the last few days, it looked pretty glum, so I guess they say it was the biggest day in financial history… That’s a pretty big change.”
According to JP Morgan, Trump’s move is “merely the end of the beginning.”
By CEO NA Editorial Staff
