Wall Street’s sell-off hit a new low following President Donald Trump’s latest escalation in his trade war.

Summary

Wall Street entered a “correction” as the S&P 500 fell over 10% from its recent record, driven by Trump’s escalating trade war.

On Thursday, the Dow dropped 537 points (1.3%), the Nasdaq fell 2%, and the S&P 500 lost 1.4%.

Trump’s threat of 200% tariffs on European wine in retaliation for EU whiskey tariffs fueled market uncertainty.

While inflation and job market reports showed resilience, fears of economic stagnation persist. Investors remain concerned about the long-term effects of tariffs and volatile trade policies.

  • The_v@lemmy.world
    0·
    8 days ago

    I am doing my part.

    In the past two weeks I have sold off 95% of my stocks.

    I even transferred an old jobs 401K into a rollover IRA so I could sell off all those stocks as well.