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.
Snowclone@lemmy.world 1 day ago
We should run the country like a business! Let’s hire a guy that’s bankrupted more companies that any other pretend billionaire!!
Andr3w222@lemm.ee 1 day ago
The guy who bankrupted a Casino.
Snowclone@lemmy.world 14 hours ago
Should be a real red flag for ‘‘looted the casino and bailed on his investors’’