Wall Street Faces Major Declines Amid Inflation and Tariff Concerns
The stock market experienced significant turmoil as the Dow plunged over 1,600 points, with the Nasdaq heading into bear market territory. The downturn is largely attributed to the ongoing impact of Trump tariffs, which have caused heightened economic worries and fears of recession. Investors are increasingly concerned about the implications of rising inflation and retaliatory tariffs from China, leading to a chaotic trading environment. Major stocks, including tech giants like Nvidia and Tesla, have seen substantial losses, contributing to the overall market slide. As the situation develops, analysts are left questioning the future trajectory of the market amidst such volatility.
CNBC, Yahoo Finance, MarketWatch, The Guardian, USA Today, Nasdaq, The Hill, The Indian Express, NBC News, Axios