Global markets today: US stock market accidents; S&P 500 sheds $ 2.4 trillion as Trump's Rates Stoke Recession Fears | Einsmark news

The US stock market dropped on Thursday, with the Wall Street benchmark ends ending with the largest one-time losses since 2020, after US President Donald Trump’s swinging trading tariffs hampered the fear of an overall trade war and the fear of a global economic recession. The Dow crashed 1,679,39 points, or 3.98%, to 40,545,93, while the S&P 500 274.45 points, or 4.84%, sank to 5,396,52. The NASDAQ composition closed 1.050.44 points, or 5.97%, lower at 16,550.61. The Nasdaq composite index has seen its biggest daily decline since March 2020, while the S&P 500 and Dow Jones Industrial Average have achieved their biggest daily percentage declines since June 2020. S&P 500 businesses have wiped out a joint $ 2.4 trillion market value. MSCI’s measure of shares around the world dropped by 28.47 points, or 3.41%, to 807.64, with the largest daily percentage fall since June 2022. Trump’s proposed tariff of 10% on most US imports, along with significantly higher reciprocal rates on tens of other countries, unpooled investors. Concerns about a possible full -scale trade conflict, which could lead to a sharp global economic slowdown and increased inflationary pressure, weighed the market sentiment further. The share price movements Apple share price fell by 9.2%, the worst one-day performance in five years, with a total rate of 54% on China, the basis for a large part of the iPhone manufacturer manufacturing. Nvidia’s share price fell 7.8%, Amazon.com shares fell by 9%, while Microsoft shares fell by 2.4%, and advanced micro -devices shares cracked by 8.90%. Tesla share price fell by 5.47%, and Ford Motors shares dropped 6.01%. Dollar, Treasury delivers the US dollar sharply weakened, with the euro reaching a six -month peak against the Greenback, by 1.74% to $ 1,1037. The dollar also dropped 1.95% against the Japanese yen to 146,445 yen and fell by 2.35% against Swiss franc to 0.8608, Reuters reports. Meanwhile, the return on the 10-year Treasury note dropped by 14.6 basis points to 4.049% after the yield was of 4.004% since the yields of the note. The biggest one -time decline since August 2. (With inputs of Reuters), the views and the recommendations made above are those of individual analysts or brokers, and not of mint. We advise investors to check with certified experts before making investment decisions.