Reported 10 days ago
The S&P 500 index closed below 5,000 points for the first time in nearly a year, dropping 1.6% after an initial morning rally faltered as fears about tariffs resurfaced ahead of a midnight deadline. This marked a significant $5.8 trillion loss in market value since the announcement of new tariffs, bringing the index close to a bear market. Analysts express concern over the uncertainty in the market, suggesting it may be prudent to adopt a cautious approach amidst ongoing trade tensions.
Source: YAHOO