US stock markets see worst day since Covid pandemic after investors shaken by Trump tariffs
cross-posted from: https://lemmy.ml/post/28091145
US stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.
All three major US stock markets closed down in their worst day since June 2020, during the Covid pandemic. The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. Apple and Nvidia, two of the US’s largest companies by market value, had lost a combined $470bn in value by midday.
Meanwhile, the US dollar hit a six-month low, going down at least 2.2% on Thursday morning compared with other major currencies and oil prices sank on fears of a global slowdown.
https://www.theguardian.com/us-news/2025/apr/03/trump-tariffs-stock-marketOpen linkView original on lemmy.ca
10 replies
Oh that's a weird a coincidence both happened under the same president!
This is too much winning
YeahButRepublicanGudAtConomy -magoffs, probably
Yeah, friggin obamas fault somehow.
Worst day so far
Wait until tomorrow when they can continue falling!
Wait until they actually go into effect....or the retaliatory from other countries goes into effect after that....
Wonder what happens when this actually goes into effect and the new prices start actually rolling in. That's if donvict doesn't flip-flop (again).
This is just speculators looking at the prospect of that....
If america gets a cough, the whole world gets sick. And america is bleeding out of their ass right now. As much as it sucks for the rest of us, it's nice to see.
It's definitely going to fuck shit up on a global level.