Reported 2 days ago
The stock market experienced its worst week since the onset of the pandemic in 2020, driven by President Trump's surprise tariff announcement, causing a near 6% drop in the S&P 500 and Nasdaq. China's retaliatory tariffs escalated market fears of a deepening trade war and a potential recession, leading to speculations of multiple rate cuts from the Federal Reserve. Market confidence plummeted as investors felt unprepared for the rapid downturn.
Source: YAHOO