Stock Market Crash: The US stock market suffered a massive fall on Thursday marking its worst single-day loss since 2020. This sharp decline came after former President Donald Trump announced strict new tariffs on imports. These measures raised serious concerns among investors about a possible global economic slowdown.

The Dow Jones Industrial Average dropped by 1,679 points, a 3.98% fall, closing at 40,545.93. The S&P 500 fell by 274 points or 4.84%, and the Nasdaq Composite Index plunged 1,050 points or nearly 6%. The total loss in market value for S&P 500 companies was about $2.4 trillion. This was Nasdaq’s worst fall since March 2020 and the biggest daily percentage drop for the Dow and S&P since June 2020.

Global stocks were also impacted. MSCI’s global stock index fell 3.41%, its largest single-day drop since June 2022. The markets reacted strongly to Trump’s proposed 10% tariff on most US imports, along with much higher tariffs on many other countries. These steps triggered fears of a full-scale trade war, which could hurt international trade and increase inflation.

Technology stocks took a major hit. Apple’s stock fell 9.2%, its worst in five years, as the company faces a 54% tariff on Chinese imports. Nvidia dropped 7.8%, Amazon 9%, and Tesla 5.47%. Other big companies like Microsoft, AMD, and Ford also saw steep losses.

Currency markets also reacted. The US dollar weakened, and the euro rose to a six-month high. The dollar also dropped against the yen and Swiss franc. Meanwhile, the 10-year US Treasury yield dropped sharply, showing that investors were moving their money to safer options.

Stock Market Crash: These developments show how sensitive global markets are to trade policies and political decisions. Investors are now closely watching future announcements for more clarity.

Disclaimer: The information provided in this article is for general informational purposes only and should not be considered as financial or investment advice. Readers are advised to consult with a certified financial advisor or expert before making any investment decisions.

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