Reported about 21 hours ago
A significant $2.5 trillion was wiped from the S&P 500 Index due to fears that President Trump's new tariffs could trigger a recession. Major companies reliant on global supply chains, including Apple and Nike, saw substantial drops in their stock prices as the tariffs threaten economic stability and corporate profits. The widespread sell-off marked the biggest decline for the index since June 2020, with over 80% of companies experiencing losses.
Source: YAHOO