- S&P 500 Three weeks after the high -level records after 200% of Trump’s tariff threats to European wine and champagne. While inflation cooled in February, the news was not enough to keep S&P from falling 10%.
The most popular index was remedy on Thursday amid concern over the latest President Donald Trump’s tariff threats, the latest inflation data and the materialized shutdown of the government.
The S&P 500 dropped 1.4% on Thursday, which is more than 10% below all the time, which only reached three weeks ago, having fallen into the corrective territory. Wall -Rate considers the market correction as the index is reduced by more than 10% of the recent peak.
In addition, technological focused Nasdaq Composite, slid almost 2% and is already on fix last week. A Chain Jones Industrial average dropped almost 550 points, 1.3% sliding.
“I think the markets tell us they are very concerned about the potential of the recession,” said Global Market Kristina Hooper Strategist Global Market Market New York Times. “This is definitely not what the markets were waiting in 2025.”
Recent inflation data suggest that prices have cooled after the consumer price index increased for seasonally adjusted 0.2% in February, following inflation by 2.8%, reports Department of Labor.
Cooling prices are not the cause of the celebration, as the latest Trump’s latest threats bring inflationary concerns to Wall Rate.
At the beginning of Thursday, Trump warned about 200% of the tariffs for European wine, champagne and other spirits in retaliation for Tat-TAT to proclaim the European Union that the block charges the duties of 50% on American whiskey and bourbon. EU tariffs were in retribution for the world of Trump’s 25% of steel and aluminum.
“In just a few weeks, the wide market has moved from record highs to correction,” said LPL Financial Adam Turnquist’s main technical strategist in a note received Cnn. “The uncertainty tariffs has seized most of the guilt for sale and enhances economic growth problems.”
The fear that arises before the government’s shutdown adds skepticism of investors. Democrats in the Senate seek to block a bill on national expenses to get rid of the shutdown and asked GOP to adopt a blue plan for financing by April 11.
While Wall -Strate hopes for the market stability, it seems that the tariff problems will remain when Trump told reporters that he would not consider Canada for amnesty tariff.
“Excuse me, we have to do it,” he said.
Originally this story was presented on Fortune.com
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2025-03-13 22:57:00
Stuart Dyos
