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

submitted 1 day ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 12 points 1 day ago (5 children)

Damn, I started a high deductible health insurance and last month got it high enough to invest part of it.

Fingers crossed I'm still employed for a while to buy in at the lower prices, and I live long enough to recover.

Countries with national healthcare also don't have their healthcare dependent on the stock market. I'm jealous.

[–] [email protected] 9 points 1 day ago (4 children)

started a high deductible health insurance and last month got it high enough to invest part of it

Huh?

The deductible is the $ amount you will have to pay out of pocket before the co-insurance percentage will kick in and start covering 80% (or w/e) of the costs of covered services.

The deductible doesn't change, you can't get it higher - you can meet it for the year, or not have met it yet. It's just a total of money you've already spent, it can't be invested.

[–] [email protected] 3 points 1 day ago (1 children)

Yeah, the Health Savings account HSA. Sorry, i forgot to go back and reread it to make sure the comment was complete.

[–] [email protected] 1 points 1 day ago

Yep, made sense as soon as HSA was mentioned!

I used to work explaining insurance to the elderly, so I'm primed to assume that someone massively misunderstood how it works. 😆

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