Economics

707 readers

294 users here now

founded 2 years ago

201

Investors flee U.S. stocks as markets react sharply to Trump's tariff plan (www.nbcnews.com)

submitted 4 days ago by [email protected] to c/[email protected]

26 comments fedilink hide all child comments

Summary

Markets tumbled after Trump’s sweeping tariff announcement, with S&P 500 futures dropping 3.5%, Nasdaq 100 down over 4.3%, and Dow futures falling 1,000 points.

Analysts called the tariffs "worse than the worst case scenario." Major companies like Apple, Amazon, and Nike saw stock declines up to 7%.

Retailers reliant on imports, like Five Below and Dollar Tree, plunged more than 11%.

Goldman Sachs warned tariffs could raise foreign car prices by $15,000. Treasury Secretary Scott Bessent dismissed after-hours moves, blaming volatility over policy concerns.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 32 points 4 days ago

"Blaming volatility over policy concerns."

....Yes. That's accurate. Fucking stupid policies tend to do that.