Reported about 22 hours ago
On April 3, 2025, the financial markets faced their steepest one-day decline since 2020, with the Nasdaq dropping nearly 6% and the S&P 500 falling approximately 5% due to unexpected tariffs announced by President Trump. This significant sell-off resulted in substantial losses for major tech stocks, collectively losing about a trillion dollars in market capitalization. Market analysts are now concerned about potential recession risks and are adjusting their forecasts, emphasizing the need for close monitoring of upcoming economic data and international negotiations.
Source: YAHOO