April 2, 2025
Article from The Guardian by Graeme Wearden and Helen Livingstone
Article Synopsis
Wall Street experienced its worst trading day since the early months of the Covid-19 pandemic, with major indices plummeting due to investor fears over Donald Trump’s newly announced tariffs. The S&P 500 dropped 4.9%, and the Dow fell 4%, marking their worst single-day losses since June 2020.
Tech stocks were hit hardest, with the Nasdaq tumbling 5.9%, its steepest drop since March 2020. The massive selloff, erasing trillions in market value, reflects growing concerns that the tariffs could trigger a recession, contradicting Trump’s claim that the markets are set to boom.
