Reported 10 days ago
The S&P 500 witnessed its worst week since the pandemic, plunging about 9% amid tariff concerns. Experts believe recovery will be slower than the rapid rebound seen in 2020, as investor confidence has been shaken and there are fears of economic slowdown due to high tariffs. Unlike the previous crisis, the Federal Reserve is not anticipated to lower interest rates immediately, leading to uncertainty for businesses and prolonged market struggles.
Source: YAHOO