Reported about 10 hours ago
Global stocks faced heavy selling as President Trump's tariff plan triggered a loss of $5.4 trillion in just two days, pushing the S&P 500 to its lowest in 11 months. Major indexes in Tokyo, Hong Kong, and China saw significant declines. Economists are raising recession risk probabilities, with predictions of Federal Reserve interest rate cuts to boost the economy. The market remains bearish, and concerns about tech giants like Amazon facing increased costs due to tariffs persist.
Source: YAHOO