Reported about 19 hours ago
Financial markets experienced a severe downturn, with a three-day selloff erasing approximately $9.5 trillion in global equity value. Investors reacted negatively to President Trump's commitment to ongoing tariffs despite looming recession warnings. Major indexes and stocks, including Tesla and Apple, plummeted sharply, while analysts predicted further declines if economic conditions worsen. As uncertainty gripped the markets, traders sought safety in Treasuries and the yen, prompting heightened expectations for Federal Reserve interest rate cuts.
Source: YAHOO