Tariff Fears Sink Stocks Further
- Alexangel Ventura
- Apr 4
- 1 min read
Widespread fears about the danger of Trump's tariffs have initiated another day of bearish results in the stock market.
As of 1:00 PM EST on Friday, several of the largest index funds have performed remarkably poorly. The S&P 500 sank 4.6%, the Dow sank 3.9%, and the Nasdaq sank by a whopping 4.8%. In addition, the value of gold and the USD has weakened to low levels. All major stocks have set extremely low records. Nvidia sank well below $100 per share with a valuation of $94 per share, far below the $140 that it possessed less than three months ago. In addition, Apple fell 5%, Google fell 1.8%, and Amazon fell 2%.
Clearly, investors sold out of their equity in droves. However, what's shocking is that this is the 2nd day in which the stock market has dipped. Yesterday alone, the S&P index fell by several points. Today, it falls by a very similar amount.
Investors wanted out mainly because of tariff concerns. Earlier this week, President Donald Trump outlined a complex list of tariffs on most of America's trading partners, sometimes reaching as high as 99% rates on some countries. This has surprised investors who mostly anticipated targeted tariffs to come out on specific countries such as China.
Moreover, some investors are scared about the impending deadline for a TikTok purchase deal, which is set to April 5th.
